“So why is every country on the planet striving to export?”

Neil Wilson says:

Wednesday, May 23, 2018 at 22:19

“So why is every country on the planet striving to export?”

Running an export surplus is a good way of pushing unemployment and poverty outside the borders of your nation onto other nations, as long as they are running on the same defunct monetary theory.

However when those net import nations adopt MMT, start accommodating the excess saving, eliminating the unearned income and enjoying a higher standard of living at foreigners expense then we will see a rapid shift away from ‘export-led’ policies towards a more balanced approach.