| that perspective is not something that can last in the long-term.. to use a metaphor, it's nothing more than selfishly eating all the food so that there's nothing left for other people to eat (i.e. future generations)..
there is mathematical proof that can show that our current trade behavior cannot be maintained in the long-term. it isn't even likely that it can survive more than 50 years.
the lower cost of living we have now is all but an illusion, because we have to pay the debts incurred when we run a trade deficit. interest payments will continue to grow to the point where we'll begin to have to make serious spending cuts simply to pay our debts. |