Contra Krugman on Current Account Controversies

"Unfair" finds US President Trump the foreign trade deficit of his country - and blames other states, among other things export-permanent world champion Germany. Rightly? By Ingo Nathusius.

Contra Krugman on Current Account Controversies

I have learned much from over the years, and I am extremely grateful for the support he has provided to The Overshoot since it launched in mid-2021. A particular highlight was when he generously cited my research on Russian imports in his New York Times column. So it is with some trepidation that I am going to disagree with some of his recent writings on trade imbalances, particularly regarding Germany and Japan.1Krugman is right to compare thos…