Edward Conard

Top Ten New York Times Bestselling Author

  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
Upside of Inequality Unintended Consequences Oxford
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Edward Conard

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The Upside of Inequality Ch. 2

How Trade Deficits Reduce Economic Dynamism and Foster Increased Government Spending

Aside from having four years of work critiqued by someone who only read Tyler Cowen’s brief and narrowly focused review of my book… I do not say the “U.S. trade deficit is something that makes the government bigger.” I do say, trade deficits make the economy less dynamic. Risk-averse savings do not constrain the growth of America’s knowledge-based innovation-driven economy. Risk-taking/underwriting and properly trained talent do. So far, trade deficits have flooded ... Read More


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