August 31, 2018

Trade Deficits Don't Reduce US Jobs

Donald J. Boudreaux

Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics

Isn't it problematic that we are buying more foreign goods and services than we are selling to the rest of the world? Not at all, writes Mercatus scholar Don Boudreaux. In fact, when the United States buys more foreign goods, it does so because there has been a corrosponding increase in foreign investment into the country. That's not something to be sad about; the economic boost which the US gains from foreign investment creates jobs, spurs innovation, and builds our nation's capabilities. 

Read it here: Trade Deficits Don't Reduce US Jobs