…of output. But we do not directly measure output. Rather, we measure consumption and adjust that for changes in trade and inventories to indirectly measure output. Because of this methodology…

…will lead to economic prosperity. This reflects a deep faith in individual citizens; in their energy and common sense and capacity to make wise decisions. His view of free trade…

…less plenty of money is of no consequence” in trade since the price of commodities always adjusts to any changes in a currency’s value. In a April 2003 discussion of…

…notes the latest from the World Trade Organization as follows: A WTO appellate body has found that Mexico violated WTO free trade rules by imposing a tax on soft drinks…

…per cent of US gross domestic product. Experts estimate that the real trade-weighted value of the dollar must fall by at least 30 per cent just to shrink the trade…

…the service sectors, especially in trade, and underestimating it in industry, especially industries that make heavy use of transfer pricing, such as oil and gas. Correcting the trade margins, using…

Yesterday PGL provided us with a nice example of how simple theoretical trade models (such as the Stolper-Samuelson model) may tell us little about the actual effects of trade. His…

…beef with China. Let’s help Mr. Nugent out with some information from the Federal Reserve as to certain exchange rates as well as the currency trade weights. For 2005, the…

Frum argues that Africa does not need financial assistance but might benefit from free trade within the Western Hemisphere: African aid relief is the same. Jeffrey Sachs may imagine that…

…the U.S. to capture the spread between the cost of foreign capital and the return on investments in the U.S. The U.S. trade deficit will likely grow until Japan and…