> Also, every legitimate economist states that measuring trade policy by the size of the goods deficit is probably not a passing grade in a basic economics class. Do you have any clue what you’re talking about?
The neoclassical/neoliberal economists deemed "legitimate" in USA over the past 50 years are worse than useless. The Summerses and Krugmans helped architect, or at least apologize for, the ongoing American Nightmare. This is the problem!
> In other words, money flowing out to pay for imports flows back in to help pay for productive investment in new capital.
What is one example of "productive investment", emphasis on productive (i.e. not just FIRE speculation/rent-seeking), that the Chinese are making in America, and at what scale?