Second, the total balance of trade deficit went from (0.9 billion to 0.2 billion). In other words, the United States was losing less money because of Smoot-Hawley. It was in aggregate better off.
(From an organisation called \”Citizens for Immigration Control\” via email)
Imports are going shopping. Exports are simply the shit that we do so we can go shopping.
So, doing less shit so that we can go shopping less makes us better off does it?