4min chapter

Many Happy Returns cover image

Trump 2.0: Political Risk and Complacent Markets, with Economist Larry Hatheway

Many Happy Returns

CHAPTER

Understanding Double and Twin Deficits in U.S. Economics

This chapter explores the relationship between the government budget deficit and the trade deficit, emphasizing the U.S.'s unique ability to borrow in its own currency. It also considers the historical implications of persistent deficits on economic confidence.

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