trade deficit
The Balanced Trade Fallacy: Why Chasing a Zero Deficit is a Dangerous Economic Game
The political obsession with ‘balanced trade’ is based on a dangerous myth. This post deconstructs the fallacy and explains what the trade deficit really means.
The 90s Economic Boom: Why We’re Learning the Wrong Lessons from the Clinton-Era Miracle
The 90s economic boom wasn’t caused by a “strong dollar” but by a tech-driven productivity surge. Misunderstanding this lesson has dire implications today.
The Tariff Trap: Why Washington’s Favorite Economic Weapon Can’t Fix the US Trade Deficit
Tariffs are a popular but flawed fix for the US trade deficit. The real cause is a domestic savings shortfall, not unfair trade.