James Capretta, AEI
Desmond Lachman | Official Monetary and Financial Institutions Forum
If there is one point on which almost all economists can agree, it is that a country’s trade balance is the difference between its savings and its investment rates. By following policies that increase the budget deficit and reduce the country’s savings rate, Washington is increasing the probability that the US will return to the twin deficit problem of the 1980s. That raises the chances that the administration will intensify its protectionist stance on trade policy when the country’s trade deficit widens.
Desmond Lachman, The Hill
The End of Big-State Liberalism
Dominic Green, CapX