How trade deficits are making the U.S. poorer, while in the past they have made the U.S. wealthier.
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Show Notes
Why U.S. Debt Must Continue to Rise by Michael Pettis—Carnegie Endowment
Could Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen Investments
A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital
Is Peter Navarro Wrong on Trade? by Michael Pettis—Carnegie Endowment
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515: Tariffs and the Mar-a-Lago Accord: What Trump Really Wants
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144: Trade Deficits Aren’t Always Bad. Trade Wars Are.
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