Thanks. Unfortunately, not much consensus here and

Thanks. Unfortunately, not much consensus here and
by Raoul (2024-02-20 11:48:54)

In reply to: PBR Poll on Possible Federal Revenue Enhancements.... posted by Raoul

even less for sure when it comes to the broader electorate.

The budget deficits are going to be very challenging. And perhaps UFL can comment on the fact that as our trade deficits shrink (due to China supply chain aversion, growing fossil fuel exports, etc) we will have less of a capital account surplus, perhaps. I assume in the past those large trade deficits "helped" us fund our operating deficits. I wonder who that could mix into the stew.

Replies:

Mainstream theory concludes that the overall trade - ufl 2024-02-21 07:54:11
- So as long as we are running huge government deficits - Raoul 2024-02-21 08:51:16
  - That's the basic idea - ufl 2024-02-21 09:15:11
    - Good stuff. * - Raoul 2024-02-22 08:30:56