As the U.S. consumers keep spending and living high on loans and credit cards, the country is becoming increasingly dependent on imports. Some argue that a U.S. trade deficit is bad for the country, with the overall U.S. trade deficit widened to about $1 trillion annually as Americans bought large volumes of foreign products. This…
Since Joe Biden was removed as a contender in the November election, his replacement as the democratic nominee Kamala Harris has been riding high on a wave of favorable polls. Voters are still waiting for a comprehensive political platform and more content, but it is worth considering what your opinions would be based on her…
Real gross domestic product per head was 28 percent below what it would have been if the rate of economic growth before the 2008 financial cries had continued. As living standards have stagnated in the UK, public services have grown ever-more dilapidated even as taxes have risen to historic highs. It is a grim picture….
As the democratic party conference is ongoing, the party is trying to move away from Biden and into a new phase with Kamala Harris. The convention is quite different compared to the republican conversion, which took place shortly after Trump’s felony conviction and close after his assassination attempt. The democrats decided to have Biden speak…
International trade issues, which were largely absent from the U.S. political economy in the early years of the 21st century, have come to play a more important role in recent years. America’s persistent trade deficits, especially the large bilateral deficit with China, have served as the backdrop for the renewed attention to international trade issues….
