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To finance this trade deficit the U.S. has to borrow from the rest of the world or sell American assets like stocks businesses and real estate to the rest of the world.
- Martin FeldsteinPhoto by Claudel Rheault on Unsplash
To finance this trade deficit the U.S. has to borrow from the rest of the world or sell American assets like stocks businesses and real estate to the rest of the world.
- Martin FeldsteinThe only way that we can reduce our financial dependence on the inflow of...
A rise in the level of saving can reduce aggregate activity temporarily but...
But because we in the United States finance our current account deficit by...
And finally, no matter how good the science gets, there are problems that...
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