Credible economists do not refute annual trade deficits detrimental effects upon their nation's GDP.

Aug 2010
310
Cliffside Park, NJ
Credible economists do not refute annual trade deficits detrimental effects upon their nation's GDP.

To the extent that USA products were “crowded out” of marketplaces by foreign goods, effectively due to USA's chronic annual trade deficits, our nation's GDPs were less than otherwise.

A nation's lesser annual GDP reflects their lesser than otherwise numbers of jobs and aggregate payroll amounts.

Annual trade deficits indicate the nation has purchased greater values of products than it has produced.

Rarely if ever, do credible economists refute any of these contentions and this holds true even among those economists that may be the most ardent proponents of pure free trade.

Respectfully, Supposn