tag:blogger.com,1999:blog-379856994574950364.post7746581454071133945..comments2023-08-25T08:45:09.672-04:00Comments on The Supply Side: Tuesday summary.Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-379856994574950364.post-4816757602349938952011-01-26T22:08:36.939-05:002011-01-26T22:08:36.939-05:00As much as I admire Robert Mundell, I am frankly d...As much as I admire Robert Mundell, I am frankly dismayed at his comment that "he was happy" Treasury Secretary Geithner proposed global caps that would limit trade imbalances to a set percentage of GDP.<br />He cannot be serious.<br />Mundell must surely know that such a proposal by Geithner is complete nonsense. A trade "deficit" is utterly meaningless and trying to limit the free flow of goods and services (and capital) between consenting parties across national borders is a recipe for economic misery. <br />And how exactly would Geithner execute such a proposal? The hubris is simply stunning. And for the "father" of supply-side economics to endorse such a policy is quite disheartening. <br />I hope and pray that Mundell was misquoted.Bob Landryhttps://www.blogger.com/profile/12916192435227770327noreply@blogger.com