Addressing Basic Misconceptions Regarding International Trade

A widely held view amongst politicians and the citizenry in general is that imports are bad, exports are good and trade deficits ought to be avoided at all costs. This is a mistaken view that even some economists (and economics professors) hold. Here are a few clarifications:

http://force4good.me/2015/05/05/imports-trade-deficits-and-the-economy/

https://www.aei.org/publication/imports-and-trade-deficits-do-not-hinder-economic-growth-and-are-not-a-setback-for-the-us-economy/

The Trade-Balance Creed by Daniel Griswold

http://object.cato.org/sites/cato.org/files/pubs/pdf/tpa-045.pdf

Related:

The Myths of China’s Currency ‘Manipulation’ by MATTHEW J. SLAUGHTER

http://www.wsj.com/articles/the-myths-of-chinas-currency-manipulation-1452296887