That’s not correct. E.g. Germany has consistent exported way more goods and services than it has imported. A healthy economy is not an automatism from being good at shipping stuff off shore. There is no gain from building a car if you buy the materials ship the car and have money left over. You do actually have to spend that money. There is no good in owning money. That’s how economies die and cost of e.g. housing explodes.
I mean, Germany has one of the highest standards of living in the developed world despite being weighed down by East Germany so clearly it’s working out for them. Stuff like the housing crisis is hitting the whole developed world all at once, so it’s not like Germany is special there.
That’s not correct. E.g. Germany has consistent exported way more goods and services than it has imported. A healthy economy is not an automatism from being good at shipping stuff off shore. There is no gain from building a car if you buy the materials ship the car and have money left over. You do actually have to spend that money. There is no good in owning money. That’s how economies die and cost of e.g. housing explodes.
I mean, Germany has one of the highest standards of living in the developed world despite being weighed down by East Germany so clearly it’s working out for them. Stuff like the housing crisis is hitting the whole developed world all at once, so it’s not like Germany is special there.