{"id":2839,"date":"2006-02-10T06:16:35","date_gmt":"2006-02-10T12:16:35","guid":{"rendered":"http:\/\/blog.kir.com\/?p=2839"},"modified":"2006-02-10T06:16:35","modified_gmt":"2006-02-10T12:16:35","slug":"the_trade_defic","status":"publish","type":"post","link":"https:\/\/blog.kir.com\/?p=2839","title":{"rendered":"The trade deficit ruse"},"content":{"rendered":"<p><a href=\"http:\/\/www.tcsdaily.com\/article.aspx?id=021006G\"><img decoding=\"async\" alt=\"trade deficit.jpg\" src=\"http:\/\/blog.kir.com\/archives\/trade%20deficit.jpg\" width=\"149.25\" height=\"150\"  border=\"0\" style=\"FLOAT: left\" hspace=\"5\"  vspace=\"2\" \/><\/a><strong><a href=\"http:\/\/online.wsj.com\/article\/SB113953581680670276.html?mod=todays_us_money_and_investing\">This WSJ ($) article<\/a><\/strong> reports ominously that the U.S. trade deficit widened by over $100 billion last year to $726 billion from $618 billion in 2004.<br \/>\nIn <strong><a href=\"http:\/\/www.tcsdaily.com\/article.aspx?id=021006G\">this TCS Central article<\/a><\/strong>, <strong><a href=\"http:\/\/www.gmu.edu\/departments\/economics\/faculty\/dboudreaux.html\">Don Boudreaux<\/a><\/strong> lucidly explains why we shouldn&#8217;t worry much about it.<br \/>\nA far greater problem than the trade deficit is the widespread misunderstanding of it that often results in demagogic appeals for counterproductive protectionist policies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This WSJ ($) article reports ominously that the U.S. trade deficit widened by over $100 billion last year to $726 billion from $618 billion in 2004. In this TCS Central article, Don Boudreaux lucidly explains why we shouldn&#8217;t worry much &hellip; <a href=\"https:\/\/blog.kir.com\/?p=2839\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-2839","post","type-post","status-publish","format-standard","hentry","category-economics"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2QmKc-JN","jetpack_likes_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.kir.com\/index.php?rest_route=\/wp\/v2\/posts\/2839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.kir.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.kir.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.kir.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.kir.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2839"}],"version-history":[{"count":0,"href":"https:\/\/blog.kir.com\/index.php?rest_route=\/wp\/v2\/posts\/2839\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.kir.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.kir.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.kir.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}