Tag Archives: imports

Econ 101—Trade in very simple terms

Trade allows people and firms to specialize in what they produce. This enables them to be more productive. This raises the income (standard of living) of both the seller and the buyer (who must also sell something in order to … Continue reading

Posted in Economics, News and politics, trade | Tagged , , , , , , , , , , , , , | 2 Comments

The Balance of Trade

President Trump has regularly called for bilateral trade balances with our trading partners. Though he prudently gave up his campaign promise to declare China a currency manipulator on his first day in office because of China’s large trade surpluses with … Continue reading

Posted in trade | Tagged , , , , , , , , , | 1 Comment

President Trump and manufacturing jobs

President Trump intends to bring back manufacturing jobs. How might he do that and what would it mean for our economy and our workers? Keeping in mind that our manufacturing output has steadily increased over the years and is now … Continue reading

Posted in Economics, Government, News and politics, Uncategorized | Tagged , , , , , , , , , | 3 Comments