US trade deficits vs. US household net worth — they’ve risen together over the last half century

As Don Boudreaux commented in a post on Cafe Hayek last year (“Tell Me Again Why A Net Inflow of Capital Into America Makes Americans Poorer“) that featured an earlier version of the chart above:

“A risingU.S. trade deficitU.S. capital-inflow surplus does not mean that Americans are losing net wealth. Quite the opposite, as reality turns out.”

Via MJP