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Pat Toomey (US Sen. ret.)

@SenToomey ↗

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Last Checked Nov. 20, 2022

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Fri May 20 19:59:21 +0000 2022

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Pat Toomey (US Sen. ret.) @SenToomey

I rarely agree with @paulkrugman, but he's exactly right here: Russia shows why trade surpluses do not equal greater prosperity. The purpose of production is consumption—that applies to trade as well. We export in order to import—lots of both elevate our standard of living. — PolitiTweet.org

New York Times Opinion @nytopinion

Russia’s exports “are (alas) holding up well despite its pariah status, but its economy is being crippled by a cuto… https://t.co/Jjea25RzYJ

Posted May 20, 2022 Deleted after a minute Just a Typo

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Pat Toomey (US Sen. ret.) @SenToomey

I rarely agree w/@paulkrugman, but he's exactly right here: Russia shows why trade deficits don’t matter. The creation of a higher stndrd of living through the voluntary exchange of goods & services – only achieved when we actually import goods – is ultimately the point of trade. — PolitiTweet.org

New York Times Opinion @nytopinion

Russia’s exports “are (alas) holding up well despite its pariah status, but its economy is being crippled by a cuto… https://t.co/Jjea25RzYJ

Posted May 20, 2022 Deleted after 4 minutes

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Pat Toomey (US Sen. ret.) @SenToomey

I rarely agree with @paulkrugman, but he's exactly right here: Russia shows why trade surpluses do not equal greater prosperity. The purpose of production is consumption—that applies to trade as well. We export in order to import—lots of both elevates our standard of living. — PolitiTweet.org

New York Times Opinion @nytopinion

Russia’s exports “are (alas) holding up well despite its pariah status, but its economy is being crippled by a cuto… https://t.co/Jjea25RzYJ

Posted May 20, 2022