Winning at Trade?
How do we know if the United States is “winning” at international trade? Most non-economists would probably answer, “The trade deficit!” This mercantilism reasoning suggests that if a country sells…
When Is A Record Trade Deficit A Good Thing? Maybe in the Middle of a Pandemic.
Abstract: The recent announcement by the U.S. Commerce Department that in August,the United States recorded its largest trade deficit in 14 years drew mixed reactions fromanalysts and economists. Some voiced…