Jubilee Year

U.S. Records Huge Trade Deficit

The trade imbalance is not a product of the free market, it is a product of foreign government policy, hoarding dollars to keep their currency low, to their own economic advantage. Why should we cooperate with their predatory policy? Decreasing US wages in the face of foreign attacks on our economy is hardly a legitimate public policy.

Thank you, Mr. Morici, for spelling out the negative consequences of the corrent global economic system, which are uniformly glossed over by the powers-that-be who are currently establishing trade policy.