Worthless Number Drives Destructive Trump Policy

There is some information that the government should never publish because it is so little understood by the political class and the media. A prime example is the trade deficit number. The trade deficit is of little importance, but as we now see, a focus on that number is causing the president and others to impose destructive tariffs and other harmful trade restrictions. The trade deficit, which is officially known as the current account balance, is merely the residual of many other policies by both the U.S. and foreign governments.