Why America Runs Trade Deficits

by Don Boudreaux on April 18, 2023

in Balance of Payments, Trade

In agreeable response to this recent Cafe Hayek post in which I push back, yet again, against uninformed fretting about U.S. “trade deficits” (so-called), Tim Worstall sent the following observation (which I share here with Tim’s kind permission):

Americans create wealth faster than they sell it. That’s why Americans keep getting richer.

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