Tag Archives: trade

[unable to retrieve full-text content]How Not to Sound Like an Idiot About the Trade Deficit, Part 1: Hey look, a 5-minute solution to sounding like a complete moron, you should check it out. (not callig you a moron, I’m sure you’re lovely, I…just read it ok)

[unable to retrieve full-text content]How Not to Sound Like an Idiot About the Trade Deficit, Part 1: Hey look, a 5-minute solution to sounding like a complete moron, you should check it out. (not callig you a moron, I’m sure you’re lovely, I…just read it ok)

Interesting quote from Joan Robinson.The Case for Concerted ActionContrasting Joan Robinson And Paul Krugman’s Views On The Global Rules Of TradeV. Ramanan

Bill clarifies the MMT position on trade for those who haven't gotten it yet. It is very clear and concise. Anyone that still doesn't get it after reading this doesn't want to get it.Must-read — and study. It's the MMT elevator speech on trade.Bill Mitchell – billy blogA surplus of trade discussions Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, AustraliaSee alsoBond EconomicsOn The "Everyone Cannot...

I had an impromptu debate with Warren Mosler, the founder and still one of the leading figures of "Modern Monetary Theory" recently. We disagreed on the role of trade deficits, and this has led another MMT luminary, Bill Mitchell, to write two commentaries critiquing my position (see "Trade and external finance mysteries – Part 1" and "Trade and finance mysteries – Part 2". This is my partial reply to Mitchell—there are more issues that I want to take up when I have time to do so.......

I was running late yesterday and the blog post was already rather long so I left some matters concerning central banks for today. The question we address briefly today is what is the role of central banks in all these trade transactions. Does an export surplus country face an ever increasing money supply as central banks provide the counterparty service to traders who sell in a foreign currency but want their own currency (such as a manufacturer who incurs costs in say Yen but sales revenue...

By Marc Chandler This post was first published on Marc to Market While the pundits are talking trade wars, Chinese officials are taking the latest US provocations in stride. Pressure on China’s trade practices are not new. The US has been complaining about intellectual property violations since Bill Clinton was President. China’s trade practices have also raised the ire or US and Europe, which has resulted in tens of dozens of anti-dumping actions. China’s emergence on the...

>50% of all steel, cement, nickel, and copper goes there Visual Capitalist China’s Staggering Demand for Commodities Jeff Desjardins See also 18 Cognitive Bias Examples Show Why Mental Mistakes Get Made

You would think, wouldn't you, that an "Alternative Brexit Economic Analysis" by four highly experienced and qualified economists would be a rigorous exercise in economic forecasting, supported by excellent econometrics and with care taken to avoid confirmation and selection bias?  A new paper from the Brexit-supporting thinktank Economists for Free Trade critiques the Government's recent forecast that Brexit would cause a GDP loss of between 2 and 8 percent over 15 years, with the...

If there is one industry Brexit has stimulated, it is the production of daft ideas for regenerating the UK economy after its exit from the EU. Many of the offerings have been from people who really like the idea of Britain becoming a European version of Singapore. But the left wing is not short of silly schemes either. This one, from businessman and self-styled economist John Mills, is one of the silliest I have seen.John Mills is chairman of John Mills Limited (JML). On his biography,...