Borrowing to pay for imports

In Short

Borrowing from the banks could pay for imports to provide us with clean energy and green products?

A Few Details

We can do it a bit, but is it fair? Isn’t it a displacement of the problem abroad? It won’t provide domestic jobs, while nothing guarantees that foreign corporations will produce green products without GHG emissions.

We can’t do it much, or the currency would collapse once imports flagrantly surpass exports, which will make imported goods expensive for rich and poor alike and eventually derail the economy.

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