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Who told you economists can't agree? See this IGM economists poll (note that 'uncertains' largely pertain to specific exceptions or arguing that focus on trade
by rory096 10y ago
Who told you economists can't agree? See this IGM economists poll (note that 'uncertains' largely pertain to specific exceptions or arguing that focus on trade balances doesn't make sense in the first place)
http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_a3jxYtWKoF4vSKx http://www.igmchicago.org/igm-economic-experts-panel/poll-re...
- x5n1 10y agoSeemed pretty damn mixed.
- rory096 10y agoYou're not reading closely, unless your claim is that disagreement between "disagree" and "strongly disagree" is meaningful. Only 5% of respondents agreed that export-increasing policies are inherently worthwhile, and in those cases (as well as most of the 23% uncertains who left comments), the given explanation was almost universally for small, emerging economies. There is no real disagreement that lowering the US trade deficit for its own sake is misguided.