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Insightful weekly commentary on news & current events from economist Antony Davies and political scientist James R. Harrigan.

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Trading with Benefits

October 14, 2020

The United States is poised to rack up a record trade deficit this year. Politicians and the media will make a big deal about this, but the truth is that trade deficits really don’t matter. Trade is simply an exchange. So long as it’s voluntary, by definition, both parties are better off.

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