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Thelma and Louise economics - Lawyers, Guns & Money
Maia Mandel has an excellent post about the underpinnings and impact of Trump’s trade war: So it’s just not true that the problem is insufficient national savings to fund investment in manufacturing because of depressed wages – the US does have sufficient capital. In fact, it has more than enough capital: American savings rates are low precisely because foreign capital allows Americans to consume more than the US produces – or, put another way,…
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