Trade Deficits: Accounting Masquerading as Economics

Source: American Institute for Economic Research
by David Hebert

“Policy makers and the would-be-intelligentsia of both the American Right and the American Left who carp on about the trade deficit and use it as a means of speaking authoritatively on the state of the US economy reveal one thing: a stunning lack of understanding about which they speak. Trade deficits are merely an accounting number, nothing more and equally, nothing less.” (06/10/24)