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The Bush Economy by Karl Rove

…opportunity. Let me deal briefly with each one of these three: taxes, trade and spending. The premise that Bush has promoted a free trade agenda is a JOKE. So let’s…

The Net Income From Abroad Puzzle

…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

Multinationals and National Income Accounting

…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…

More on NAFTA and Mexico

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…

David Frum on Reducing Poverty in Africa

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…

If the National Review Determined Monetary Policy

…going to sink us. “We are approaching a trillion-dollar trade deficit,” said Sen. Harry Reid in the May 10 New York Times. “We can’t survive as a viable, strong country…

Treas. Sec. Snow on Why Export Demand is Weak

…record U.S. trade deficit in November and the prospects the deficit may widen this year, Snow said that the trade shortfall reflects growing U.S. disposable income, but that the United…