News about Middle East

Important article. As more and more economists and policymakers begin to realize that large, persistent trade imbalances are indeed a problem for the global economy, Martin Wolf calls for a tax on capital inflows. www.ft.com/content/e2c8c6c3-0cdc-4aa8-a47d-399407c75ad9

Interesting piece by Martin Wolf "The benefit to the US of its persistent net capital inflows is the ability to have a larger fiscal deficit and so grow its public debt. This does not look like a good bargain" 1/2 www.ft.com/content/e2c8c6c3-0cdc-4aa8-a47d-399407c75ad9

Snooty London financial elites coming around on the importance of trade deficits. But still analyze exclusively thru a financial asset lens with no care for actual workers that are alien to them. www.ft.com/content/e2c8c6c3-0cdc-4aa8-a47d-399407c75ad9

Very good piece by Martin Wolf. Global imbalances matter. The solution: a tax on capital inflows! Why global imbalances do matter www.ft.com/content/e2c8c6c3-0cdc-4aa8-a47d-399407c75ad9