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U.S. National Debt Showing Significant Correlation to Years of Free Trade Deficits

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dc.contributor.author Feinberg, Alec
dc.date.accessioned 2010-02-04T19:24:14Z
dc.date.available 2010-02-04T19:24:14Z
dc.date.issued 2010 en_US
dc.identifier.uri https://hdl.handle.net/10535/5495
dc.description.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 that the trade deficit is linked to approximately from $1.7 to $2.1 trillion of the national debt (i.e. worst case, 17% of America’s current national debt)." en_US
dc.language English en_US
dc.subject economics en_US
dc.subject trade en_US
dc.subject debt en_US
dc.subject.classification Macroeconomics en_US
dc.title U.S. National Debt Showing Significant Correlation to Years of Free Trade Deficits en_US
dc.type Working Paper en_US
dc.type.methodology Modeling en_US
dc.publisher.workingpaperseries Reliability Economice Consultant en_US
dc.coverage.region North America en_US
dc.coverage.country United States en_US
dc.subject.sector Theory en_US

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