Tag Archives: fiscal deficit

Who pays for Uncle Sam’s deficits?

[Expanded May 27. 2018] I have reviewed this subject a lot, but some people, unfortunately, still don’t get it. Econ 101: Trade deficits On May 18, (last week) the U.S. public debt was 21.1 trillion dollars or 109% of our total … Continue reading

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Review of John Tamny’s attack on Jack Kemp Foundation article

By Dr. Warren Coats Dr. Coats is retired from the International Monetary Fund, where he was Assistant Director of the Monetary and Capital Markets Department. In an article titled, “When the Ideas of Thinkers and Great Statesmen Are Perverted,” John Tamny … Continue reading

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Econ 101: Trade Deficits, another Bite

Some years ago my friend Moritz Schularick and I were walking down a street in what is now called midtown Berlin (the former Eastern zone). Moritz asked me if I could explain why capital was flowing into the U.S. from … Continue reading

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Econ 101: Trade deficits

Responding to critics of the administration’s proposed steel and aluminum tariffs, Commerce Secretary Wilbur Ross stated on CNBC: “I think this is scare tactics by the people who want the status quo, the people who have given away jobs in … Continue reading

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