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From iamafarmer:


Germany-"We'll export our way out of this!"
Australia-"We'll ramp up exports!"
France-"Our exports will see us through!"
SoKorea-"Our Export-based model will be our bulwark!"
Japan-"Thankfully, we can rely on exports"
and now, finally, we have the last guy to the party
USA-"We'll increase our exports in the next 5 years"

Either SOMEONE is throwing a hail mary here or Martian and Venusian Aggregate Demand have gone parabolic in the last quarter.


"We'll all become export nations!" is the new "We'll all provide value-added service!"

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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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