A Quote by Peter Schiff

Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad.

Peter Schiff

Quote Topics

Finance Abroad Account Additional Capital Certain Circumstance Consumer Current Deficits Developed Emerging Enhance Goods Imports Income Investment Nation Necessary OK Productivity Some Surplus Trade Trade Deficit Uses

Quote Author

Peter Schiff
American - Businessman
Born: March 23, 1963

The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.

Ludwig von Mises

If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.

Tyler Cowen

The government is also looking at further benefits including enhanced capital allowances; the use of Tax Incremental Finance; and extra help from UK Trade and Investment on inward investment and trade opportunities.

Andy Sawford

What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.

James Surowiecki

China is not looking for a trade surplus but wants to import more French goods.

Li Keqiang

The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.

Arthur Laffer

China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.

Peter Navarro

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.

Robert C. Solomon

One of the striking features of the form of globalisation that has now been established is that it is based on the premise that goods and even capital should be free to roam but labour must remain imprisoned within the nation state.

Roberto Unger

... in a capitalist society a man is expected to be an aggressive, uncompromising, factual, lusty, intelligent provider of goods,and the woman, a retiring, gracious, emotional, intuitive, attractive consumer of goods.

Toni Cade Bambara

Mother is the dead heart of the family spending father's earnings on consumer goods to enhance the environment in which he eats, sleeps, and watches the television.

Germaine Greer

Global demand for dollars has supplanted demand for manufactured goods and services, resulting in multilateral trade deficits and loss of jobs at home.

Joseph Stiglitz

Clearly, there needs to be an increase in the capacity of the railway system. That's why there are these projections of increasing the capacity to carry freight on the railways by 30% over the next five years or so, because the volume of goods moved up and down, imports, exports, and within the country, has grown much larger than the capacity. And this is part of the higher costs to business, because charges, for instance, at the ports become too high and they put up the prices of these goods, whether they are imports or exports. You want to reduce that.

Thabo Mbeki

I feel quite unable to adopt the opinion that the moment goods pass into the possession of the consumer they cease altogether to have the attributes of capital.

William Stanley Jevons

We're told we need this trade deal to open up vast markets to American goods, ... But the reality is that most Chinese workers cannot afford to buy the goods that even they make.