Jobs are simply a matter of the money supply. Trade does not have much of an effect on job creation or losses because money appropriated through trade can simply be made up from additional minting and loans.
Above: Unemployment 10 yr chart
When us trade deficit was at its peak, that was also when the us had the highest employment rates. And unemployment rates expanded whenever the trade deficit contracted.
The reason is not because the trade deficit increases employment growth. Its because an increase in the money supply increases employment growth and the trade deficit. And a decrease in the money supply decreases employment growth and decreases the trade deficit.
As the money supply expands, so does economic growth and employment rates. But added income from economic growth also fuels the trade deficit. When the economy collapsed and incomes also took a dive. The trade deficit was effectively halved since fewer americans could afford imports.
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