The single best thing we can do for the economy! – Private Wealth Advisors

Friday, February 08, 2013

The single best thing we can do for the economy!

by Marty Mazorra CFP®, ChFC®

Founder & Co-Chief Investment Officer

Reuters says “Running trade deficits means the country bleeds dollars, so trade is still a drag on the U.S. economy.” Utter hogwash!

Running “trade deficits” means the rest of the world loves the goods, services and investment opportunities the U.S. produces so much that they’ll go to extremes to deliver us the stuff we want in exchange for the U.S. dollars they need to buy (and invest in) the U.S. stuff they want. I’ll even go so far as to say that the single best thing we can do for “our” economy would be to disregard borders altogether.

Here are two of my attempts at making this case:

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Marty Mazorra CFP®, ChFC®

Founder & Co-CIO

is the author of "Making Lemonade: A Bright View on Investing, on Financial Markets and on the Economy" and "Leaving Liberty?: Essays on Politics and Free Market Thinking".

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