All Posts Tagged With: "Sherle Schwenninger"

A Deficit of Understanding II

Writing in the January/February 2004 issue of The Atlantic Monthly, Sherle Schwenninger of the New America Foundation joined Warren Buffett and scores of politicians in bewailing America’s trade deficit. Like his intellectual compatriots, Schwenninger simply assumes that the trade deficit is debt and that it’s ominous. It is neither. A trade deficit exists for the [...]

1Jun2004 | Donald J. Boudreaux | 3 comments | Continued
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