I pointed out in class that deficits aren't inherently bad. However, it can be a symptom of a squandered economy (even still, tariffs wouldn't be there answer). If any of you are interested in how trade deficits can be bad, including today's trade deficits, watch this Human Action podcast episode:
https://www.youtube.com/watch?v=12trQAdpkbc
I am effectively stealing Bob's reference from Deut for today's devo.
Chapter 10 & 11 Curiosities
A note on trade deficits
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