Monetary Matters with Jack Farley cover image

Ken Rogoff on Past, Present, and Future of U.S. Dollar Hegemony

Monetary Matters with Jack Farley

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Understanding U.S. Trade and Fiscal Deficits

This chapter explores the complex relationship between U.S. trade deficits and fiscal issues, examining how trade imbalances can worsen public debt. It analyzes the implications of tariffs, currency fluctuations, and economic policies, particularly in light of the Trump administration's approach to the dollar. The discussion stresses the need for a comprehensive strategy for economic reform, focusing on regulation and investment to address these challenges.

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