The US trade d d d d d d d d d d d d d d d d d d d d d deficit is caused by "Bad Money", not "Bad trade d d d d d d d d d d d d d d d d d d d d d Deals"
continuous inflation made nominal us wages too high to compete globally
if the fed had not targeted 2% inflation and let natural inflation/deflationcycles take over, american workers would be far more competitive internationally
Large trade d d d d d d d d d d d d d d d d d d d d d deficits caused by cheap foreign labor and energy would have generated their own correction - the large US current account deficits would have caused an outflow of gold,which, in turn, would have caused domestic interest rates to rise, domestic credit to shrink and prices, wages and costs to deflate (Thus rebalancing the trade d d d d d d d d d d d d d d d d d d d d d defecit)