In the real world the trade deficit is more important than the budget deficit | Real-World Economics Review Blog

In the real world the trade deficit is more important than the budget deficit | Real-World Economics Review Blog



In layman,s language taking out all the technical jargon's  it means this :



1.Trade deficit means jobs are going to some other country which could have been created in host country.As demand exist and host country is not able to fulfill that demand.



2.Budget deficit has actually no meaning .Government has all the power to print currency.



The problem will only come if it leads to hyper inflation.Otherwise tell me what is the problem with budget deficits as long as money is being spent efficiently for public good like creating more local jobs.