alarm and has attracted considerable attention from both the public at large and policy makers. Much of the uneasiness about the US trade deficit can quite simply be School of Economics, that the US trade deficit is merely a reflection of the competitive advantage that the United States has been enjoying over the past decades. in wealth and welfare were feasible only through the pursuit of those liberal policies []” That said, the current deficit in the United States may very well be a
Federal Reserve At of 1913, stripping it of its power. In fact, the Fed’s monetary policy cannot deviate too much from the Congress’ and the president’s political does not know where the “right” interest rate level is. In terms of interest rate policy, it purses a ‘trial and error’ approach. As history shows all too well, the against alternative monies for all eyes to see, making the Greenback less competitive, potentially driving the US dollar out of the market altogether. In the
China keeps domestic wages and its exchange rate artificially low. It improves its competitiveness in international markets at the expense of the standard of living of secure higher returns on capital and diversify risk. The consequences of these US policies have been, as people increasingly realize, to the disadvantage of the US’ For instance, higher tariffs on import goods may make foreign goods less price competitive, which, in turn, also means higher prices for domestic producers and
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.