Trade Deficits Are Only Dangerous When Caused By Government

Trade Deficits Are Only Dangerous When Caused By Government

Governments have sold their bonds to fund vote-buying welfare state spending, or expanding bureaucracies with loyal supporters of power-hungry politicians, or on delusional dreams of military power, or colossal public works projects hailing the greatness of the dictatorial or democratically elected leader.

Globalization Faces Challenges

Globalization Faces Challenges

Those countries that embrace free trade with new technologies stand to reap great rewards. Those who do not, and revert to trade protectionism, could experience economic recession and monetary adversity accompanied by serious social and financial upheaval.