Michael Ringold

U.S. Trade Deficit: Not as Ominous as it Sounds

I'm sure it's of interest to some, but bringing up the deficit as something scary I think is just politics. The trade deficit is just a tiny, tiny thorn in the side of GDP calculations, with growth in the other far more important categories completely swamping it. It'd be nice to have it positive, but only in the same way it'd be nice to have a higher valued currency; vague bragging rights, not any real substantive advantage.