Is a Trade Deficit a Good Thing?!

Former Assistant U.S. Trade Representative Harry Broadman has called the merchandise bilateral trade deficit an “economically meaningless metric”. Alex discusses why he doesn’t understand Broadman’s stance and breaks down why he thinks the trade deficit has a material impact on GDP.

This is an excerpt from episode 37 of Winner Take All. Watch the full episode here: youtu.be/LW7kGmtlH1s

Comparing Real and Nominal GDP: courses.lumenlearning.com/boundless-economics/chapter/comparing-real-and-nominal-gdp/


Filed under: Winner Take All | Topics:

Weekly Industry Newsletter

Top Posts

  • B2B Chemical Marketplaces and Tech Startups: Landscape and State of the Industry

    Read more

  • Platform vs. Linear: Business Models 101

    Read more

  • Amazon Business – 2020 Report

    Read more

  • Platform Business Model – Definition | What is it? | Explanation

    Read more

  • The Value of Digital Transformation: How Investors Evaluate “Tech”

    Read more