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.