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

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.


Issue Date:
Apr 11 2018
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/271163
ISSN:
0886-5558
Language:
English
Published in:
Choices, 33, 1
Page range:
1-7
JEL Codes:
F35; F42; F65; G11; H6




 Record created 2018-04-11, last modified 2020-10-28

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