Mosler’is apie prekybos balansą
Warren Mosler knygelė Seven Deadly Frauds of Economic Policy yra šmaikštus įvadas į moderniąją monetarinę teoriją (MMT). 2010-aisiais baigtą rašyti knygą galima nemokamai atsisiųsti iš autoriaus svetainės (pdf formatas) .
Prekybos balanso išaiškinimas “atsigavimo per eksportą” entuziastams (59 knygos puslapis):
To get on track with the trade issue, always remember this: In economics, it’s better to receive than to give. Therefore, as taught in 1st year economics classes:
Imports are real benefits. Exports are real costs.
In other words, going to work to produce real goods and services to export for someone else to consume does you no economic good at all, unless you get to import and consume the real goods and services others produce in return. Put more succinctly: The real wealth of a nation is all it produces and keeps for itself, plus all it imports, minus what it must export.
A trade deficit, in fact, increases our real standard of living. How can it be any other way? So, the higher the trade deficit the better. The mainstream economists, politicians, and media all have the trade issue completely backwards. Sad but true.
To further make the point: If, for example, General MacArthur had proclaimed after World War II that since Japan had lost the war, they would be required to send the U.S. 2 million cars a year and get nothing in return, the result would have been a major international uproar about U.S. exploitation of conquered enemies. We would have been accused of fostering a repeat of the aftermath of World War I, wherein the allies demanded reparations from Germany which were presumably so high and exploitive that they caused World War II. Well, MacArthur did not order that, yet for over 60 years, Japan has, in fact, been sending us about 2 million cars per year, and we have been sending them little or nothing. And, surprisingly, they think that this means they are winning the “trade war,” and we think it means that we are losing it. We have the cars, and they have the bank statement from the Fed showing which account their dollars are in.
Panašūs (automatiškai atrinkti) įrašai: