The U.S. trade deficit, or the difference between exports and imports, widened by almost $8 billion to $49.9 billion.
Refusing to learn from past mistakes and not addressing the root causes that brought about today’s global financial crisis repeats the cycle of economic growth, inflation, deflation, recession, depression, and return to growth with more frequency than desired and necessary.
The U.S. trade deficit, or the difference between exports and imports, widened by almost $8 billion to $49.9 billion.
Refusing to learn from past mistakes and not addressing the root causes that brought about today’s global financial crisis repeats the cycle of economic growth, inflation, deflation, recession, depression, and return to growth with more frequency than desired and necessary.