Archive for the ‘Trade/Foreign Policy’ Category

Trade, Trade Deficits, Secular Stagnation, and a Good Use for Excess Savings

March 8th, 2017

Three recent articles caught my eye re international trade. First, there’s Neil Irwin reprising his theme, an important one, that the trade deficit isn’t a report card. Sometimes such imbalances are a problem, other times they’re not, so; as the balance of payments serenity prayer says: “Keynes, give us the wisdom to tell the difference.”… Read more