I’ve had an almost a single-minded focus on our trade deficit lately, and for good reason. It’s impossible to overstate its role in ruining the U.S. economy. But I think it’s time to shift gears. Readership of this blog has been growing nicely since I moved the site to WordPress and I’m sure that a lot of readers haven’t read my book, Five Short Blasts. I think this may be a good time to back up and explain the theory. This is going to require a series of posts which I plan to write over the next couple of weeks.
It’s going to be fun. This will involve debunking a lot of economic myths that have been spread by economists who refuse to give consideration to what may be the most important economic parameter. It will necessarily be a very abridged version of the explanation given in the book but I think that I can do it justice in a series of articles. So stay tuned! If you haven’t read the book, you won’t want to miss this series! Just subscribe to the RSS feed if you want to be alerted each time a new article appears. And if you have questions about any of it, just put your question into a “comment” at the end of the article. I’ll answer each and every one. There are no stupid questions. This is a brand new economic theory. You won’t find it any place but here.
The first article will be posted very soon.