A Chequer-Board of Nights and Days

Think That The Trade Deficit Metric Is In Any Way Meaningful?

Posted by Pejman Yousefzadeh on Mon Dec 18, 2006 at 11:24:49 PM EST

Then read this post and gnash your teeth in frustration over how much time is wasted obsessing about this issue. I have said it before and will say it again: the trade deficit is an artificial metric whose sole purpose is to encourage protectionism. It is high time we stopped paying attention to it.

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