Tag: trade deficit
Importers are exporters, exporters are importers. Slapping tariffs on imports would hurt our most competitive firms
January 22, 2017 | Post
In today’s globally connected world with dynamic global supply chains for raw materials and inputs, and global marketplaces for final sales, it’s an economic fact of the modern world economy that: a) exporters are importers and b) importers are exporters.
An economic analysis of protectionism clearly shows that Trump’s tariffs would make us poorer, not greater
December 17, 2016 | Post
Trump’s base will be hurt the most by his wealth-destroying and punitive trade policy.
How transactions that raise America’s trade deficit enrich Americans
November 6, 2016 | Post
Suppose that Smith, your neighbor in New Haven or your friend in Fayetteville, produced a lot of auto parts that consumers voluntarily bought at prices that earned for Smith a sizable fortune. Suppose further that Smith prudently saves a large chunk of his fortune, some of which he uses to start a glass-manufacturing plant in […]
Non-youers’ trade deficit with you
October 23, 2016 | Post
You earn $1,000 this week. You spend $650 on consumption items (rent, food, gasoline, a new pair of jeans) and save – you admirably prudent person you – $350. You use this $350 to buy three shares of stock in Apple, Inc. (which are priced today at just over $116 per share). The rest of […]
Why a “Job-Killing” Trade Program Deserves Americans’ Support
August 21, 2016 | Post
A preoccupation with jobs over productivity is not sound economics as Professor Mihail Nica explains.