@ChristineRomans Each month this yr, the #trade #deficit has cost the US economy $40b - 2/3 more than the one-time $24b #shutdown cost.
@AlanTonelson but none of that addresses the TD facts I've presented, nor supports the idea that TD def hurts the economy @ChristineRomans
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@AlanTonelson and in the end Irwin concludes that free trade is undoubtedly the best policy@ChristineRomans -
@scottlincicome@ChristineRomans Less impressed w/Irwin as theorist than w/Keynes, Samuelson, Mill, etc. But he wrote a fine history. - Voir les réponses
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@scottlincicome You were the one who cited centuries of theory. -
@AlanTonelson right. Centuries of theory on the *trade deficit*, dating back to Smith. Nothing in Irwin contradicts that basic Econ 101
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RTS. You didn't read the article, did you?