A country with a trade imbalance will have its citizens run out of money unless their money appreciates at a rate greater than they can consume goods from others.
When they do run of money they will work as hard as possible by making stuff and perform services to get money again.
All this trade economics mumbo jumbo boils down to this simple first princle.
When you run out of money you work for whatever you can to make money again.
Everyone alive has only ever experienced democracies under a Fiat standard.
Imagine if a government could both run out of money and not have any money to restart until people agreed to donate money to restart local gov first.
hopefully a politician will one day ask the question, "why did we send all our manufacturing orders to china in the first place?".
it's not like china forced the US to buy less expensive stuff
only then will they understand how to fix the problem.
