Mises Wire
Author:
Frank Shostak
Online Publish Date:
In December 2019, the US trade account balance stood at a deficit of $48.9 billion, against a deficit of $43.7 billion in November and $60.8 billion in December 2018. Most commentators consider the trade account balance the single most important piece of information about the health of the economy. According to the widely accepted view, a surplus