The trade accounts are among the most pernicious statistics ever collected. It’s long been remarked, for example, that merely by calling something a “deficit” it seems bad even though a current account deficit is matched by a financial account surplus. Put that issue aside, however, because the real problems are much deeper. The international accounts…
The Pernicious Trade Account
The Pernicious Trade Account
26 Apr 2026 Leave a comment
in applied price theory, economic history, financial economics, history of economic thought, international economics Tags: balance of trade
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