Five Facts About Trade You Don’t Read in the Newspaper

Ultrabulk, trans-oceanic cargo ship, Astoria, Oregon. Photo: Jeffrey St. Clair.

Okay, maybe you do read these in the newspaper, but not as much as you should.

1) The dollar’s status as the leading reserve currency does not mean we have to run a trade deficit,

2) There is no direct relationship between the budget deficit and the trade deficit,

3) The explosion in the size of the trade deficit at the start of the century cost millions of manufacturing jobs,

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