From: SW Sent: Wednesday, March 01, 2017 1:28 AM To: Walter Block Subject: RE: May I ask a Question from Across the Pacific? Thanks, my question is this. A standard response to the notion that imports are negative is to point out that if an American buys a good from Australia, the Australian manufacturer will only be able to use those USD in the purchase of American goods. Ergo it’s fine for America to import from Australia because the USD will be used to increase exports to Australia. However in a system of free trade, with gold standard, without legal … Continue reading International Trade Imbalances