All the trillions of dollars that got sent out the trade deficit since the 80s are finally making their way back to the developed economies. We can only export our inflation for so long.
Yeah. Nobody will talk about this. Trillions of dollars went to China in exchange for things purchased legally and voluntarily. Now, people throw around terms like "money laundering" as if the Chinese are a bad ass cartel that's been selling us cocaine all this time.
If would could only find a way to tax that in order to pay off the fiscal deficits we had to accrue in order to make perpetual trade deficits less painful...
