Voluntary exchanges are by definition advantageous to their participants. Within this voluntary, mutually beneficial relationship, I give up an item … - Ilana Mercer

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Voluntary exchanges are by definition advantageous to their participants. Within this voluntary, mutually beneficial relationship, I give up an item I value less, for something I value more: a fee for the desired product or service. My trading partners, whose valuations are in complementary opposition to mine, reciprocate in kind. Ceteris paribus (all other things being equal), there's nothing wrong with my running a trade deficit with Costco, my hair stylist or my GTI dealer, as I do—just as long as I pay for my purchases. However, the data demonstrate that Americans, in general, are not paying for their purchases.