Trade Balance and International Economics: A Simple but Important Lesson

The Trade Deficit Isn’t a Scorecard, and Cutting It Won’t Make America Great Again

An insightful piece from Neil Irwin – something every economics major should read:

http://www.nytimes.com/2016/03/28/upshot/the-trade-deficit-isnt-a-scorecard-and-cutting-it-wont-make-america-great-again.html

Related:

http://vivekjayakumar.blogspot.com/2016/03/tackling-widespread-misconceptions.html