What Trump Wants Part 2 - How Trade Deficits and Capital Flows Can Harm or Help Countries
How trade deficits are making the U.S. poorer, while in the past they have made the U.S. wealthier.
Topics covered include:
- Two ways countries can increase their competitiveness
- How savings always equals investment
- Why excess savings flows to the U.S. leading to a drop in U.S. domestic savings
- Why the U.S. current trade situation could lead to a debt crisis
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Show Notes
Why U.S. Debt Must Continue to Rise by Michael Pettis—Carnegie Endowment
A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital
Is Peter Navarro Wrong on Trade? by Michael Pettis—Carnegie Endowment
Related Episodes
515: Tariffs and the Mar-a-Lago Accord: What Trump Really Wants
470: How the Economy Really Works: Savings, Investing, Consuming and Market Distortions
144: Trade Deficits Aren’t Always Bad. Trade Wars Are.
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