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 RogoffEvidence 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.”
Created: 6/13/2026, 3:28:48 AM
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