Senator Rand Paul (R-Ky) said Tuesday in the “Squawk Box” of CNBC that it was “absolutely a fallacy” that the United States is being cheated because they have a commercial deficit with another country.
Paul said: “I mean, all the debate is so fundamental upside down and vice versa. It is based on a fallacy, and the fallacy is this, that in some way, in a trade, some must lose. That in some way, when you exchange Soney, Andeer is, and Ander wears it, or Japan is tearing you tearing you.
He continued: “If you have a free society and trade with you, if you want to sell me your coat and I give you $ 200, we both accept it and we are happy with trade. Buy something they want and the decision is always a mutual benefit.
Paul added: “The people who use me, if I work for Corvette and use me, have a commercial deficit with childbirth work. They buy my work of childbirth and never buy their cars. Therefore, this artificial accounting can have and causes a trap to seem like a trap?
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