America's New Exports

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As Austan Goolsbee, a professor of economics at the University of Chicago's Booth School of Business, former chairman of President Obama's Council of Economic Advisers from 2010 to 2011, writes in the Wall Street Journal:

The U.S. runs a huge trade surplus in tourism, tuition paid by foreign students, even NBA jersey sold abroad.

Further, he talks about the more promising way out of our economic doldrums:  growing exports -- through things like tourism, travel and services.

Read the entire commentary and more than 35 comments (when I last checked) here.