From the role of the u. S. Dollar as the dominant reserve currency or from the role of the United States as a safe haven for capital. Theed we might say, one of key things that the United States produces is a social does serve so well as a safe haven for saving some capital. You could say that what john makin, liked to call the wealth Storage Service effectively is traded internationally for net imports. Have a truly distinguished panel to address the economic questions of trade deficits amidst the current Political Forces in play. Each member of the panel will speak for 13 to 15 minutes, opening comments after which, we will give the panelists a chance to react to ideas and clarify their points. After that we will open the floor to questions and will adjourn promptly at 00. At 12 00. L, thewill be jeff franke professor of Capital Formation and growth at harvard university. He is on the Business Cycle committee and previously served on the council of economic advisers Whose Research in
Speakers included a formal consultant from the office of the u. S. Trade representative and member of the White House Council of economic advisors. From the American Enterprise institute, this is two hours. Well start again. Good morning, ladies and gentlemen, im glad youre with us. Im alex pollock from the r street institute. And we welcome you on trade deficits and the Trump Administration. It goes without saying debates about trade, tariffs, other barriers to trade, balance of trade and payments and shifts in foreign exchanges, whether the flee of gold in old bays or reserves nominated in fiat currencies now have a long and controversial history in domestics and in politics. These debates feature the famous and essential contrast between the interests of producers on one side and those of consumers on the other, abiding asymmetry and pressures for adjustment between countries with persistent deficits like the u. S. Versus those with persistent surplus, germany for example. Naturally
Us. Im alex pollock from the r street institute. And we welcome you on trade deficits and the Trump Administration. It goes without saying debates about trade, tariffs, other barriers to trade, balance of trade and payments and shifts in foreign exchanges, whether the flee of gold in old bays or reserves nominated in fiat currencies now have a long and controversial history in domestics and in politics. These debates feature the famous and essential contrast between the interests of producers on one side and those of consumers on the other, abiding asymmetry and pressures for adjustment between countries with persistent deficits like the u. S. Versus those with persistent surplus, germany for example. Naturally throughout this is the desire of politicians to get and remain in office. Political economy is certainly the accurate term here. Discussions of trade deficits cannot be divorced from the International Monetary system, levels of Exchange Rates or role of the u. S. Dollar as the d
About what the boe can and cannot do. I am looking at dollar extending gains. Stocks, overall advancing a touch. This is after janet yellen boosted expectations for an Interest Rate rise in december. We have crude resuming a rally after tuesdays pause. Well keep an eye on the market movements. Ut first, heres nejra cehic reporter President Trump says he is prepared to use devastating military force against north korea, saying his preference was for the world to Work Together to end the onions nuclear to end pyongyangs nuclear program. We are totally prepared for the second option, not a preferred option, but if we take that option, it will be devastating, i can tell you that, devastating for north korea. That is called the military action. Reporter theresa may says she is bitterly disappointed about a decision by the u. S. Government to slap import duties of 220 on a new jetliner. Citedmmerce department improper subsidies. More than 4000 people work for bombardier in belfast, northern
Public service by americas Cable Television companies. It is brought to you today by your cable or satellite provider. The American Enterprise institute here in washington, d. C. Posted a Panel Discussion on the impact of efforts to reduce the usa trade deficit. Following their presentations and rebuttals, panelists answered questions from the audience. There we go. Well start again. Good morning, ladies and gentlemen, im glad youre with us. Im alex pollock from the r street institute. Its a pleasure for us to welcome you to this timely conference on trade deficits and the Trump Administration. It goes without saying debates about trade, tariffs, other barriers to trade, balance of trade and payments and shifts in foreign exchanges, whether the flow of gold in old days or reserves nominated in fiat currencies now have a long and controversial history in economics and in politics. These debates feature the famous and essential contrast between the interests of producers on one side and