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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
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"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 #moneywealth

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Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods…

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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

About Peter Schiff

Peter Schiff was a Businessman from Germany (1923–2014).

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Frequently Asked Questions

Who said "Trade deficits are OK under certain circumstance. 1. An emerging nation imports…"?
This quote is attributed to Peter Schiff, a Businessman from Germany.
When did Peter Schiff live?
Peter Schiff lived from 1923 – 2014.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.