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World Trade & the Confusion

By admin / March 12, 2019

QUESTION: Marty, just reported this past week America’s trade deficit hit a record $891 billion while, in the same week, unemployment report fell to 3.8%. Does this refute the conventional economic belief that trade deficits take away jobs and output? Cheers, TGM ANSWER: What is reported as trade is not simply trade. The numbers are […]