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June 28, 2006

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» Watch Carefully, Grasshopper... from EconWatch.com
[Source: Brad DeLong's Semi-Daily Journal] quoted: Eddie Lazear and his political masters hope that listeners will take Eddie's (correct) statement that countries can run large current-account deficits for a long time, infer (incorrectly) that the larg... [Read More]

» The trade balance, the current account balance, and other definitions from Trade Diversion
I saw Don Boudreaux speak about statistics yesterday. He used the trade deficit as an example of a frequently misunderstood statistic. Unfortunately, I feel his discussion may have done more to muddle the issue than clarify it. Correctly understanding ... [Read More]

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