Abstract
Some things matter whether or not they exist. The Loch Ness monster is one. National trade deficits are another. Trade deficits obviously matter to many people, because (whatever they are) they seem to have significant consequences. They cause problems or create undesirable constraints or compel government policy changes.
Reprinted from Cato Journal 3 (Winter 1983/84): 705–16, with revisions.
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© 1989 Springer Science+Business Media New York
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Heyne, P. (1989). Do Trade Deficits Matter?. In: Dorn, J.A., Niskanen, W.A. (eds) Dollars Deficits & Trade. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-1288-0_15
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DOI: https://doi.org/10.1007/978-94-017-1288-0_15
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