Brief Analysis: Our Triple Deficits

Source: Bob McTeer, National Center for Policy Analysis, Brief Analysis, No. 613, March 18, 2008

Economists often refer to the U.S. trade deficit and the federal budget deficit as problems of inadequate domestic saving. They speak of these deficits “crowding out” domestic investment. They allude to unspecified relationships between these deficits but seldom explain them, confusing everyone.

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