They argued – and it’s even more true today – that the trade account and the capital account have to balance each other, and there’s no reason to assume that it’s the capital account that balances the ...

Although politicians, pundits, and the media claim that a trade deficit is harmful to a country, the reality is much different. In a free economy, individuals ...

Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate This paper examines the link between the net foreign asset position, the trade ...

Viewer Darrell Boone in Wabash, Ind. has a question regarding the agricultural trade balance: “For as long as I can remember, U.S. ag exports have been the bright and shining star of U.S ...