Tag Archives: trade deficits

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

Posted in Debt, trade, Uncategorized | Tagged , , , , , , | 2 Comments

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

Posted in News and politics, trade | Tagged , , , , , , , , | Leave a comment

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

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

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