Foreign Trade’s Essential Role in Our Economy and Employment

The annual US Gross National Product increased to 17.3 trillion US dollars in 2017.   In 2016, US exports and imports were 12.7% and 15.6% of US GDP respectively.  A trade deficit (excess of imports over exports) will lead us to issue debt to finance the 2.9% GDP imbalance.  A trade surplus would be a far […]

Growth Stimulus Too Good To Pass By

US consumers would benefit greatly from some realistic ideas for stimulating growth. The usual suspects have been ultimately disreputable shovel-ready infrastructure projects and tax rate reductions. Infrastructure projects too often turn into out-of-control, over-budget repeats of The Big Dig, and tax cuts seldom can attract bipartisan support. For many years, a proposal called the Trans […]