There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
More and more U.S. corporations are sending their HQ’s offshore to reap immense tax savings. | Order this issue or subscribe. | The sources for this article are available here.
the regulars
editors’ note The Age of Misdirection
the short run
in review Randall Wray, Why Minsky Matters
economy in numbersDifferent Models, Different Politics