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Does the US deficit dictate capital flows, or vice versa? (carnegieendowment.org)
1 point by ryandamm on May 24, 2017 | hide | past | favorite | 1 comment


Worthwhile subhead: "In a recent much-remarked-upon and very short op-ed, George P. Shultz and Martin Feldstein argue that the only way, or at least the best way, to cut the U.S. trade deficit is for Washington to cut the U.S. fiscal deficit. It is at least as likely, however, that cutting the fiscal deficit will simply increase debt or increase unemployment."




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