@ChristineRomans Grateful 4 @scottlincicome's opinion, but it's how #GDP & its changes are calculated. Shd ck his edition of #Samuelson.
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En réponse à @AlanTonelson
@AlanTonelson c) and, of course, the last time the trade deficit shrunk dramatically was the Great Recession!@ChristineRomans1 réponse 0 Retweet 0 j'aime -
En réponse à @scottlincicome
@AlanTonelson but, as we know, widespread public/media ignorance permits trade deficit alchemy to persist unchecked.@ChristineRomans1 réponse 0 Retweet 0 j'aime -
En réponse à @scottlincicome
@scottlincicome@ChristineRomans BTW, economists who have opposed Cato-like trade extremism incl#Keynes,#Samuelson,#Mill - &#AdamSmith!2 réponses 0 Retweet 0 j'aime -
En réponse à @AlanTonelson
@AlanTonelson funny. I give facts/data, you give "extremism". Hardly surprising.@ChristineRomans1 réponse 0 Retweet 0 j'aime -
En réponse à @scottlincicome
@ChristineRomans@scottlincicome For details on huge holes poked by promnent economists in std trade theory, see: http://press.princeton.edu/titles/5797.html …1 réponse 0 Retweet 0 j'aime -
En réponse à @AlanTonelson
@AlanTonelson read it. Thanks. And it was written by a Cato extremist! http://www.cato.org/people/douglas-irwin …@ChristineRomans1 réponse 0 Retweet 0 j'aime -
En réponse à @scottlincicome
@scottlincicome@ChristineRomans But Irwin was intellectually honest enuf to detail the big flaws w/trade theory found by great economists.1 réponse 0 Retweet 0 j'aime -
En réponse à @AlanTonelson
@AlanTonelson but none of that addresses the TD facts I've presented, nor supports the idea that TD def hurts the economy@ChristineRomans2 réponses 0 Retweet 0 j'aime -
En réponse à @scottlincicome
@scottlincicome You were the one who cited centuries of theory.1 réponse 0 Retweet 0 j'aime
@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?