A representative sample (on the causes of the U.S. trade deficit):
The key dynamic here seems to be that China, following mercantilist trade policy, is taking money from Chinese consumers and importers and giving it to Chinese exporters, who are in turn tying dollar bills to their exports. The rational thing to do in this circumstance would be to take the money and buy the Chinese exports -- anything else would be foolish! Thus the trade deficit. When the Chinese decide to stop taking from their local peasants and giving to American flat-screen TV buyers, then the trade deficit will go away, but until then American consumers should take the money and run.Great stuff.
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