Wednesday, February 8, 2017

Larry Kudlow Slams Trump's Concern About Trade Deficits

Larry Kudlow is great here on why trade deficits are not a problem and takes President Trump to task for his view that deficits are a problem.


  1. Replies
    1. Kudlow makes the relevant comment that I am referring to.

    2. Trade deficits are great if you want foreigners owning your country.

      And remember, countries manufacture have much more employment in other sectors:

      The link between manufacturing and economic growth is critical. Every dollar in final sales of manufactured products supports $1.33 in output from other sectors—this is the largest multiplier of any sector. Manufacturing investments create ripples across the economy, creating jobs and growth in other industries.