Should We Be Afraid of the Trade Deficit?. Nancy A. Yonge.
by Yonge, Nancy A; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2005Article 2Business. Publisher: World & I, 2003ISSN: 1522-3191;.Subject(s): Balance of trade | Competition -- International | Developing countries -- Economic conditions | Foreign trade regulation | Free trade | United States -- Economic conditions | U.S. -- Economic relationsDDC classification: 050 Summary: "Americans become nervous when they hear the word deficit, especially when it is accompanied by a very large number. Perhaps this is a legacy of the country's founders and its first civic philosopher, Ben Franklin, who preached habits of thrift and avoidance of debt. Perhaps it is that the baby boomers are children of Depression-era parents, many of whom suffered severely from domestic deficits. Whatever the cause, the opinion seems to prevail that deficits are, a priori, a bad thing." (WORLD & I) The author outlines the reasons why "many intelligent observers believe that even the current record trade deficit should not be feared and can be viewed as a force for good, both domestically and for the global economy."| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2005 Business Article 2 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2005.
Originally Published: Should We Be Afraid of the Trade Deficit?, Dec. 2003; pp. 54-59.
"Americans become nervous when they hear the word deficit, especially when it is accompanied by a very large number. Perhaps this is a legacy of the country's founders and its first civic philosopher, Ben Franklin, who preached habits of thrift and avoidance of debt. Perhaps it is that the baby boomers are children of Depression-era parents, many of whom suffered severely from domestic deficits. Whatever the cause, the opinion seems to prevail that deficits are, a priori, a bad thing." (WORLD & I) The author outlines the reasons why "many intelligent observers believe that even the current record trade deficit should not be feared and can be viewed as a force for good, both domestically and for the global economy."
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