Just to add: one of the things you realise when you read the chapter, is that current account and balance of payments issue are almost always the result of excessive domestic consumption. And it'… (View Post)

Ummm: If you keep flip flopping on tariffs, then who is going to invest in new US manufacturing capabilities? (View Post)

There's a lot of truth in that, and a particular bugbear of mine is that the UK tax and benefits system seems expressly designed to discourage British people from working, therefore creating dem… (View Post)

Errr Because he said the tariffs give the US "great negotiation power": https://www.foxnews.com/video/6370999576112 (View Post)

The US runs a trade deficit. Trump wants to reduce the trade deficit. This is not stupid. The US has - for some time - lived beyond its means. It is not entirely stupid to use tariffs as a one of the… (View Post)