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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (240138)3/20/2002 9:18:44 PM
From: DavesM  Read Replies (1) | Respond to of 769670
 
Cyberken,

re: "any large trade surplus indicates an economy in decline..."

Well, it may, or may not. You must remember that in the context of our discussion (the 19th Century), money was hard currency (as in gold and silver). This means any trade surplus meant that gold and silver was physically entering the country. Conversely, a trade deficit meant that gold a silver reserves actually left the country.


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