The Neo-Mercantilist Hysteria Over US Trade Deficits
Keynesians are fond of overstating both the magnitude of the trade deficit and its alleged negative effects, writes Joseph Salerno.
Keynesians are fond of overstating both the magnitude of the trade deficit and its alleged negative effects, writes Joseph Salerno.
In a free-market economy, firms threatened with competition often respond by searching for ways to increase efficiencies, attempting to lower costs
Any government intervention in the economy, such as, loan programs, regulations, and subsidies, creates malinvestments, writes Dayne Girard.
Thomas E.
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