International trade is not a ripoff in itself but a fair trade, since the exporting country gets the money and the importing country gets goods it desires; the trade deficit in goods ($1.2 trillion in 2024) overlooks the US's $290 billion positive trade balance in services.

factualpending

Speaker

Howard Marks

Evidence Quote

It's literally a fair trade since the exporting country gets the money and the importing country gets the goods it desires.

Source

More on Repealing the Laws of EconomicsOaktree Capital
Created: 6/18/2026, 2:18:14 PM

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