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Publication Date: March 2008
Publisher: National Center for Policy Analysis (U.S.)
Author(s): Bob McTeer
Research Area: Economics
Keywords: Deficits
Type:
Abstract:
Economists often refer to the U.S. trade deficit and the federal budget deficit as problems of inadequate domestic saving. They speak of these deficits "crowding out" domestic investment. They allude to unspecified relationships between these deficits but seldom explain them, confusing everyone.