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55 sats \ 0 replies \ @Undisciplined 16h \ on: Contrarian Friday: In Praise of America’s Trade Deficit (FT, Martin Sandbu) econ
Makes a lot of sense to me.
To me, the strongest case against trade deficits is the humanitarian one. Similar to the abolitionists two hundred years ago, a modern "protectionist" might point out that free-traders are delighting in reaping the benefits of foreign authoritarianism.
Reminder: find time to write "The Bizarre Moral Relativism of Free-Traders"