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Opinion

When trade is free, there are only surpluses

One of the great myths bought into by much of the general public, politicians, and media pundits is that trade deficits are bad for the economy. The idea dates back to the pre-Adam Smith (1776) days of mercantilism and is ultimately based on the notion that it is better for an economy to have money...

Dr. Roy Cordato

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Opinion

A tale of two recoveries

The following editorial appeared in the February 2017 print edition of Carolina Journal: Timing matters, in both stand-up comedy and interpreting statistical trends. Left-leaning groups are likely to seize on findings by N.C. State University economist Mike Walden, in his monthly Carolina Journal column (reprinted here), to deflate the notion that a Carolina Comeback ever...

CJ Editors