Jeffrey Sachs says: ‘A country’s trade deficit (more precisely, its current account deficit) is not an indication of unfair trade practices by the surplus countries. It points to something quite different. A current account deficit means that the deficit country is spending more than it produces. …
Now they are all up in arms. Nasty Trump has made good on his threat. He has indeed imposed tariffs on products from half the world, which should ensure that US imports rise less quickly and the US current account deficit falls. …
If you want to know what is going wrong in Germany in terms of economic policy, you can watch any news programme on the days when the Federal Employment Agency announces the monthly results of the labour market statistics. Take the heute-Journal programme from 28 February this year. …
It is a thin paper. In just under eleven pages, the CDU/CSU and SPD have listed the issues on which they want to reach an agreement in the upcoming coalition negotiations. Beyond the debt question, there is merely a smorgasbord of issues copied and pasted from the two parties’ …
