Whoever exports goods exports (human) capital - Goofynomics

Whoever exports goods exports (human) capital - Goofynomics

We have now lost all hope of making the proud and foolish century (LVI included) understand that for mere accounting the sum of the balances of goods and capital ( rectius : the algebraic sum of the balance of current accounts and the financial account of the balance of payments) must be zero. This is not alchemy or convention! This is the clear and easily understandable representation of a fact. When the Italian exporter collects dollars (and t…