7 ms·
Sort of ridiculous that economists can't agree on whether this is a good thing or not for the economy of the country consuming the most in the world yet not con
by x5n1 10y ago
Sort of ridiculous that economists can't agree on whether this is a good thing or not for the economy of the country consuming the most in the world yet not contributing the same back.
- digi_owl 10y agoWhy economics is crap, as applying accounting or modeling the flow of funds and products would present something akin to a cancer growth.
- rory096 10y agoWho told you economists can't agree? See this IGM economists poll (note that 'uncertains' largely pertain to specific exceptions or arguing that focus on trade balances doesn't make sense in the first place) http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_a3jxYtWKoF4vSKx http://www.igmchicago.org/igm-economic-experts-panel/poll-re...
- x5n1 10y agoSeemed pretty damn mixed.
- rory096 10y agoYou're not reading closely, unless your claim is that disagreement between "disagree" and "strongly disagree" is meaningful. Only 5% of respondents agreed that export-increasing policies are inherently worthwhile, and in those cases (as well as most of the 23% uncertains who left comments), the given explanation was almost universally for small, emerging economies. There is no real disagreement that lowering the US trade deficit for its own sake is misguided.