Vernon Smith on Dark Matter

An interview with Dr. Vernon Smith in the latest edition of Journal of Financial Transformation;

Q: Do you agree with Ricardo Hausmann and Federico Sturzenegger about the fact that as a result of dark matter, the U.S. current account deficit is not as large as many believe?

Prof. Smith: There may be some measurement issues, which is what Hausmann and Sturzenegger are talking about, but what I am more concerned about is the fact that the dollar has taken such a pounding because of our financial policies. The deficit itself is not a problem. In fact, we had a deficit before the dollar came down

Related;
Perspectives on “Dark Matter”
Can Gravity Be Defied?
What Are the Risks to the United States of a Current Account Reversal?
Transcript for the Annual Research Conference: How Does Capital Account Liberalization Affect Economic Growth?

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This page contains a single entry by Paul published on November 20, 2006 3:38 PM.

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