factual

No Such Thing As Unsustainable Trade Deficit

There is no such thing as an unsustainable trade deficit—only unsustainable debt; the trade balance is a result of underlying savings and investment macroeconomic factors, so it shouldn't be targeted directly even when large.

factualpending

Speaker

Kenneth Rogoff

Evidence Quote

No. There’s unsustainable debt. There’s not particularly an unsustainable trade deficit. There’re good things about having a trade deficit, bad things, but it’s a result of many factors.

Source

Kenneth RogoffConversations with Tyler
Created: 6/13/2026, 3:28:48 AM

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