Productivity, the Trade Deficit, and Dark Matter: Part II

I'm going to continue (finally) my previous post. Most commentators implicitly or explicitly assume that that the trade deficit has risen because the U.S. is consuming too much (call this the
Michael Mandel

I'm going to continue (finally) my previous post. Most commentators implicitly or explicitly assume that that the trade deficit has risen because the U.S. is consuming too much (call this the "Spendthrift America" view of the world).

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