Dollar Quote by Stephen Moore
“Every dollar a foreigner spends over here directly subtracts a dollar from the trade deficit.”
About This Quote
Source Article: Economic Policy Review, 2019
Foreign spending reduces domestic trade surplus; each dollar abroad impacts deficit.
In simple terms: Spending abroad widens trade deficit.
Limit foreign purchases to improve trade balance.
Themes
Mood
Type
When to use this quote
- government budgeting
- personal finance
- import decisions
Key Concepts
Questions to Reflect On
- How much of your spending is foreign?
- What policies could balance trade?
Domestic consumption also affects deficit.