by Dan Mitchell | Apr 17, 2024 | Blogs, Economics, Trade
Five years ago, I shared this video explaining why trade deficits generally don’t matter. The most important thing to understand is that a trade deficit is the same thing as a financial account surplus (formerly known as a capital surplus), which is easy to...
by Dan Mitchell | Apr 22, 2020 | Blogs, Economics, Trade
One year ago, I shared this video to explain why a “trade deficit” doesn’t matter, in large part because it is simply a result of foreigners wanting to invest in America’s economy with some of the dollars they earn. We also have a trade deficit, I pointed out, because...
by Dan Mitchell | Apr 20, 2020 | Blogs, Economics, Trade
Nine days ago, I wrote about Dana Milbank scoring an “own goal” because he claimed we needed bigger government to deal with coronavirus, yet all the nations he cited for their effective responses actually have a much smaller fiscal burden than the United States....
by Dan Mitchell | May 9, 2019 | Opinion and Commentary
Originally published by Inside Sources on May 8, 2019. President Donald Trump has launched a new attack in his trade war with China, which earned a big thumbs-down from financial markets. Is it possible, though, that his bluster will produce a good long-run deal to...
by Dan Mitchell | Mar 18, 2019 | Blogs, Economics, Trade
In January, I shared a short video about protectionism, which expanded on some analysis from a one-minute video from last year. Today, here’s a short video explaining the trade deficit, which also expands on a one-minute video from last year. Simply stated, trade...
