Here’s The Problem With Trump’s Trade War: Trade Deficits Aren’t Necessarily Bad

WPA poster titled First Foreign Trade Zone - artist Jack Rivolta. Produced 1937 during New Deal trade initiative.

by Tony Wyman Trade War Between Trump And Credible Economists You could hit an imported Chinese golf ball into a room full of economists and have a pretty good chance of not hitting one who agrees with President Trump‘s trade kerfuffle with China.  Why?  Because, unlike the president, most economists think trade deficits aren’t a bad thing.  In fact, some even think they are good. How can that be?  Doesn’t it make sense that we are losing against China if they are selling us more than we are selling them? …

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The Economy in Context

by Wes Walker via libertyisftw.org The most recent job numbers released on March 9th by the Bureau of Labor Statistics, represented a strong preliminary number for February that, should they hold, could be a solid piece of good economic news since the tax reform bill passed last year. It remains likely that the numbers will not survive the tariffs put into place last week, assuming they aren’t revised downward next month, and, despite the bump in the stock market from the positive preliminary jobs numbers, it’s important to keep in…

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