a. Consider two headlines: Foreigners are bringing bags of money to the U.S. to grab property vs.

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a. Consider two headlines: “Foreigners are bringing bags of money to the U.S. to grab property” vs. “Record U.S. trade deficit.” How can both be true simultaneously?
b. Consider two headlines: “Money is fleeing the U.S. faster than ever” vs. “Record U.S. trade surplus.” How can both be true simultaneously?
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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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