For The Economist, Germany’s behaviour is a threat to free trade. For Post-Keynesians, Germany’s behaviour is expected (and ought to be different) and is a good reason to reject free trade.
But it’s not a bad thing that The Economist recognizes Keynes’ insights.
1 comment:
Germany is a state in the Eurozone, not a nation. You may as well complain about California.
The 'trade surplus' nations import savings. So give them savings - with no income. After all they have no choice but to take it, or buy something denominated in the currency.
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