Image Database Export Citations


U.S. Free Trade Deficit Correlated To As Much As Half of the U.S. National Debt

Show full item record

Type: Working Paper
Author: Feinberg, Alec
Date: 2010
Agency: Reliability Economics, Fort Collins, CO
URI: https://hdl.handle.net/10535/5386
Sector: Theory
Region: North America
Subject(s): economics
Abstract: "The U.S. free trade deficit has accumulated to $6.57 trillion over the last 20 years and $7.5 trillion since 1971. The U.S. national debt now totals around $12.1 trillion. In fact, from 1990 to 2007 the trade deficit totaled $5.51 trillion which was fairly close to the national debt in those years that totaled $6.1 trillion. Thus, the trade deficit has accumulated to a sum of the same type of magnitude as the national debt. For every type of trade, whether it is an import or an export, there are tax consequences. Such consequence of a trade deficit may be correlated to the national debt. Our study in fact finds that there exists in the raw data an 87% mathematical correlation between the national debt and the free trade deficit in logically selected time periods when stable (non excessive) government spending and trading occurred. As well the X-Y relationship observed in the raw data indicates the trade deficit is mathematically correlated to as much $6.4 trillion, a little over half of America’s current national debt."

Files in this item

Files Size Format View xmlui.dri2xhtml.METS-1.0.item-files-description
AFeinberg ND Cor Study2.pdf 739.8Kb PDF View/Open Original Article

This item appears in the following document type(s)

Show full item record