Wray, L. Randall (contributor) - 2007
economics teaches,
imports are a benefit and exports are a cost, so net imports represent net benefits. The
problem is that …
because they see exports as a benefit and imports as a cost.
The final longer-term problem is the growth of “neoconservative …”),
government spending (federal, state, and local levels), and foreign spending (net exports).
For reasons to be explained below …