If the government has a balanced budget, _and_ there is a trade deficit, then th... | Hacker News

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jcarreiro on July 8, 2011 | parent | context | favorite | on: Warren Buffett: I could end the deficit in 5 minut...

If the government has a balanced budget, _and_ there is a trade deficit, then the private sector must be losing money -- otherwise, where is the money that is being transferred to the external sector coming from?

lhnn on July 13, 2011 [–]

As a note, this reply makes clear an assumption you made in your original post: That we have a trade deficit. I now understand.

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