Trade Deficit Question

[bjurasz]

@AlphaWolf

Given that no other country has as much wealth as the United States, how is it mathematically possible for the U.S. not to have a trade deficit unless we materially cut back our purchases, which will lower our standard of living, not to mention shrink our economy?

It’s not possible, of course. Not only that, but we would not be a reserve currency without the trade imbalance.