If a country consumers more than it produces, it must import more than it exports. That's not a rip-off that's arithmetic. If we manage to negotiate a reduction in the Chinese trade surplus with the United States, we will have increased trade deficits with some other country. Federal deficit spending, a massive and continuing act of dissavings, is the culprit. Control that spending and you will control the trade deficit.
-George Schultz
Select a background
More quotes by George Schultz
Popular Authors
A curated listing of popular authors.