CONNECTING PEOPLE TO IDEAS AND TO EACH OTHER
CONNECTING PEOPLE TO IDEAS AND TO EACH OTHER

Bad Math Can’t Close the U.S. Tr­­­ade Deficit

Why the Trump Administration’s Strategy Is Self-Defeating

Vice President Mike Pence, left, and National Trade Council adviser Peter Navarro, right, wait for President Donald Trump to sign three executive orders, Monday, Jan. 23, 2017, in the Oval Office of the White House in Washington. Photo by Evan Vucci/Associated Press.

Every American knows that if you want to spend more than you earn, you either must liquidate some of your assets or you must borrow. This is as true of governments and corporations as people. And if you have been doing a lot of borrowing, stopping will result in much less consumption. Teenagers without finance PhDs learn this when their parents take away the credit card.

Which is why it boggles the mind that experts in Washington D.C., including the President’s senior economic advisor Peter Navarro, fail to understand …

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