“The fact that global savers accommodate U.S. consumers by keeping U.S. interest rates lower than they otherwise would be and the dollar stronger than it otherwise would be is simply a manifestation of America's comparative advantage at supplying wealth storage facilities.” FactsWould BeAmericaInterestWealthBalanceAdvantageStrongerTradeDollarsRateConsumersManifestationFacilityAccommodateInterest RateImbalanceStorageComparative Advantage Author:John H. Makin
