A Quote by Joseph Stiglitz
Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment.
Quote Topics
Quote Author
Related Quotes
If a trade deficit is determined solely by rates of savings and investment, then the U.S. trade deficit will be impervious to a get-tough trade policy. Slapping higher tariffs on imports will only deprive foreigners of the dollars they would have earned by selling in the U.S. market.
Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
This is what Donald Trump understands. This is the trade deficit. We run a trade deficit of close to $800 billion a year.
The Donald Trump trade doctrine is this. America will trade with any country, so long as that deal meets these three criterion: You increase the GDP growth rate, you decrease the trade deficit, and you strengthen the manufacturing base.
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.
Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.
Trump has a clear goal: the division of Europe and the destruction of the European domestic market. The fact that Brexit propagandist Nigel Farage was the first European he received in his tower speaks volumes. That is why we must strengthen the European domestic market and work even more closely together in Europe. That is absolutely compulsory for Germany.
Trade balances are determined by national savings propensities, not exchange rates.
We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.
As the U.S. trade deficit, and the portion of that deficit attributed to China, continue to grow, our own economy is at risk of losing its reputation as a leader in world trade.
What exactly is trade facilitation? In a nutshell, it is an effort to enable global trade by reducing red tape and streamline customs. In even simpler words: making it easier for companies to trade across borders.
The far more likely Trump scenario is this: Chinese leaders realize they no longer have a weak leader in the White House; China ceases its unfair trade practices. America's massive trade deficit with China comes peacefully and prosperously back into balance, and both the U.S. and Chinese economies benefit from trade.
[Donald] Trump has threatened to withhold investment in Scotland in response to the calls to ban him from the UK. Over the years Mr Trump has made a number of statements about the different scale of his investment in the UK and his willingness to maintain them.
The concept of national treatment is a core component of investment and trade agreements. It promotes valuable competition on a level playing field. Investment treaties should not turn this idea on its head, giving privileges to foreign companies that are not available to domestic companies.
The number one priority now is reducing the deficit that they [Labour] left us - the biggest deficit since the Second World War.
For all its peculiarities and unevenness, the Bible has a simple story. God made man. Man rejected God. God won't give up until he wins him back. God will whisper. He will shout. He will touch and tug. He will take away our burdens; he'll even take away our blessings. If there are a thousand steps between us and him, he will take all but one. But he will leave the final one for us. The choice is ours. Please understand. His goal is not to make you happy. His goal is to make you His. His goal is not to get you what you want; it is to get you what you need.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Craig Roberts Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist