This article introduces a new term 'structural' for describing the US trade deficit. Essentially if a country is to have their currency as the world's reserve

This article introduces a new term 'structural' for describing the US trade deficit. Essentially if a country is to have their currency as the world's reserve currency then they have to run at a deficit. Since all those extra dollars that get printed go overseas they are not in the US economy to cause price inflation, i.e. too much money chasing too few goods. https://qz.com/1266044/why-does-the-us-run-a-trade-deficit-to-maintain-the-dollars-privileged-position/ https://qz.com/1266044/why-does-the-us-run-a-trade-deficit-t...