Ross Douthat gets 1990s wrong in pushing Clinton, misses stock bubble&the explosion in the size of the trade deficit http://cepr.net/blogs/beat-the-press/ross-douthat-has-trouble-remembering-the-1990s …
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@HeerJeet early 1970s -
@DeanBaker13@HeerJeet early 70s eh? So before 40y(so far) string of trade deficits. Only bubble(or jumbo budg def) can fill demand leakage
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