Robert Samuelson is pretty gloomy about the world’s reliance on American imports (and the concurrent trade deficit) to drive growth-the dollar is weaker and we are starting to export a bit more again (and can only take up a finite amount of debt). I’m not an economist, but I’m seeing a critical mass of stories about the trade deficit and the problems that accrue from over-reliance on the American market. Samuelson seems to be complaining that individual governments are following policies that don’t favor the continuance of healthy trade, well, big surprise….
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