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Trade Deficits Don’t Matter Understanding Deficits Do

Saturday, March 18, 2017 21:01
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(Before It's News)

by Mark J. Perry, Carpe Diem

Donald Trump has demonstrated his profound misunderstanding of the basic economic principles of international trade for several years now, and perhaps reached a pinnacle when he told the New York Daily News in an interview last August that “we’re getting hosed by the Chinese – and that we’ve done it with our eyes wide shut“.

hosed

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Source: http://econintersect.com/pages/opinion/opinion.php?post=201703182211

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