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Current Account Deficit: Still Not Debt

Don Boudreaux, GMU Economics department head, explains this with a very simple example. He also makes fun of Warren Buffet, which is always nice to see. Remember kids: Making money in arbitrage is very different from understanding what the current account imbalance means.

  1. Melissa says:

    Wow. I hope that isn’t par for the course…

  2. Marla says:


  3. Josh M. says:

    This isn’t exactly on topic, but I couldn’t help but laugh hysterically at a picture in yesterday’s Register-Guard sports secton.

    Check it out, I found it funny, but i’m immature.

  4. Andy says:

    Damn I never thought of it that way. Im just glad im buying more concrete assets than the dollar!

  5. Timothy says:

    Was still in the office. 5:00 is quitting time only in some vague metaphorical sense.

  6. Danimal says:

    Class. What’s your excuse? Isn’t it 5:30 in Texas?

  7. Timothy says:

    Man, I’m disappointed in your comedy stylings these last few minutes. Why aren’t you at the bar?

  8. Danimal says:

    What did the pedant say to the pedarast?

    Oh, I forgot that one, too. Dammit.

  9. Timothy says:

    Fine, I fixed it. Fine. Pedant.

  10. Timothy says:

    I like my way better…or something.

  11. Danimal says:

    Heh. Reminds me of the best joke ever…

    Q: What did the arbitrageur say to the albatross?

    Fuck, I can’t remember the punchline. It’s good, though, I swear.

    Also: “remember.”

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