Thursday, July 1, 2010

Did You Hear the One About the Trade Deficit?

http://www.washingtonpost.com/wp-dyn/content/article/2006/02/14/AR2006021402009.html

Washington Post Feb.15 2006 Steven Pearlstein

Back when U.S.A. budget deficit and  balance of trade were all the worry and Ben Bernanke gave the "knowers" a laugh by suggesting that the problems were from other countries saving too much not the U.S.A. spending too much.. A then and now story.