Bob Murphy argues that trade deficits allow the dollar to appreciate in value. While the dollar is growing in value trade with other countries inevitably decreases which causes the deficit to be shown. He uses Deuteronomy as an example. The Israelites are commanded to lend only to other nations while not borrowing.
I liked how you included the fluctuations of the dollars and the trade associated with that. I hadn’t thought to include that part. It is crazy to me also that something God intended for the nation of Israel is so relevant now!