In yet another hypnotic YouTube video , a channel with more than 350,000 subscribers parrots nonsense about the nature of money. In the following paragraphs, I will dispel some of these popular myths by adding clarity and historical context for improved understanding. For starters, we will focus on the reported symbiosis between China and the United States. In characterizing this international dynamic, the speaker commits a common accounting mistake: "We send money to China in exchange for goods and services, but get very little back." Indeed, the United States' trade deficit with China means the precise opposite of this. It doesn't even require an economist to point this out, as the ubiquity of Made in China nearly speaks for itself, rooted in China's status as the world's greatest exporter to the United States. In its most recent report on balance of trade, the month of October, the United States even posted its highest monthly trade defici...