Dear NY Times: Shrinking Trade Deficit is Bad News
Editor, The New York Times
To the Editor:
Reporting on the recent fall in
Doubtful, especially because this trade-deficit decline was caused, not by a rise in American exports, but by a disproportionately large fall in American imports. Given that in recent decades foreigners consistently pumped significant portions of their dollar earnings back into the
Donald J. Boudreaux
Don Boudreaux is the Chairman of the Department of Economics at George Mason University and a Business & Media Institute adviser.