现在，美国的经常项目赤字已达到国内生产总值的7 % 。 看到这种情况，像我这样的传统宏观经济学家都清楚，在巨额赤字后，会不可避免地出现大幅度货币贬值。
Conventional macroeconomists like me look at America’s current-account deficit, now running at 7% of GDP, and know that such vast deficits are inevitably followed by large currency depreciations.