Browsed by
Category: opinion

Trade Deficits

Trade Deficits

Trade deficits are being treated as black and white issues these days, but Sen. Toomey nails the absurdity of that view in a Politico article: “You want to shrink a trade deficit, there’s an easy way to do it: Have a recession.” Trade Balance = Output – Input, or Trade Balance = Exports – Imports His point is that we could wipe out all of trade deficits simply by being too poor buy anything from the rest of the world…

Read More Read More