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The Neo-Mercantilist Hysteria Over US Trade Deficits

July 17, 2014 in Economics

By Mises Updates

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Mises Daily Thursday by Joseph Salerno:

Keynesians are fond of overstating both the magnitude of the trade deficit and its alleged negative effects. In spite of the fact that trade deficits are not an actual problem for our economy, Keynesians propose to “fix” the problem by devaluing the dollar.

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Source: MISES INSTITUTE

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