[URPE] Unsustainability of US trade deficit

[Thomas Palley]

Dear URPE Friends & Colleagues,

This week's report is titled "The Fallacy of the Revised Bretton Woods
Hypothesis: Why Today’s System is Unsustainable and Suggestions for a
Replacement." It challenges the conventional wisdom that "sustainability of
financing" for the trade deficit is the problem, and instead focuses on the
"sustainability of demand." Demand sustainability is the true weakness of
the system, and it has important implications for financial markets and
policy.

The report is posted in the research section of my website at
www.thomaspalley.com

Please feel free to share it with others, and I look forward to your
comments.

Sincerely,

Tom Palley
Economics for Democratic & Open Societies Project
Tel: 202-249-2317
e-mail: mail at thomaspalley.com
www.thomaspalley.com