Americans have a dangerous deficit in trade understanding

Source: Reason
by Sheldon Richman

“I was chatting with my tobacconist the other day — I have no rabbi, no priest, no minister, no imam, no chiropractor, and no lawyer, but I do have a tobacconist — when it struck me that my trade deficit with him is astronomical. How could I have let this happen? For the nearly 20 years I have been patronizing his venerable establishment — nay, institution — it is I who has pushed money (make that plastic) across the counter. But not once has he pushed even a red cent to me. Come to think of it, this is also the case with Kroger, Walmart, McDonald’s, and a variety of gas stations. See the pattern? The money moves in one direction only. What the hell is going on?!” (04/15/18)

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