Reduce but Do Not Eliminate America’s Trade and Budget Deficits

William Ward

Choices: The Magazine of Food, Farm, and Resource Issues, 2018, vol. 33, issue 01

Abstract: Since the 1970s, the U.S. has had the privilege of not having to pay for all imports nor repay all foreign loans. From 2000–2016, $199 billion in imports annually were “free,” as were an equal number of annual federal expenditures. Rather than eliminate the trade and budget deficits, they should be reduced to their warranted levels. This article estimates the potential “warranted” deficits.

Keywords: Financial Economics; International Relations/Trade (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaeach:271163

DOI: 10.22004/ag.econ.271163

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