
Topic
How Trade Deficits Move Currencies and Capital
A deficit is not a scorecard. It is a flow of money that has to come back some other way.

A deficit is not a scorecard. It is a flow of money that has to come back some other way.

One of the oldest monetary tools sets how much cash banks must keep on hand. How reserve requirements work and why they shape the money supply.

Customs collects the duty at the border, Treasury books it, and Congress spends it — three separate steps that are easy to blur.