The U.S. Trade Deficit Isn’t Caused by Low American Savings

A recent article by Joseph Stiglitz suggests that the United States runs a current account deficit because its people save too little to fund domestic investment. In fact, he may have it backwards: Americans may save too little precisely because the United States runs a current account deficit. Economist Joseph Stiglitz recently published an interesting piece in Project … http://ceip.org/2B5S64b

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