collapsedsquid

The president’s distaste for trade deficits with any country is not news, but that last sentence is striking — Trump is claiming that trade deficits are at the root of the national debt.

That is a creative explanation — and an incorrect one.

Vox just made a humiliating economic error in front of its readers. 

mitigatedchaos

> seriously this is what you hit him on?

Might I suggest this is ideological in nature.  Global types don’t want America balancing its net imports/exports.  They want a net flow of wealth out of the country.