You Bet America’s Trade Deficits Matter
I was going to fisk this but Don already did did, it and better, unsurprisingly!
Yet More Deficient Understanding of Trade - Cafe Hayek
"Alan Tonelson’s insistence that America’s trade deficit is a drag on economic growth is itself a drag on economic understanding (“You Bet America’s Trade Deficits Matter,” June 15). To put it bluntly, Mr. Tonelson doesn’t know what he’s talking about."
No, no, he does not. But that does not stop him from beclowning himself.
Read it all!