2min chapter

Many Happy Returns cover image

Trump 2.0: Political Risk and Complacent Markets, with Economist Larry Hatheway

Many Happy Returns

CHAPTER

Understanding Economic Realities: The Trade Deficit Dilemma

This chapter delves into the intricacies of the trade deficit and the unrealistic expectations from political leaders concerning investment and budget management. It introduces the 'unholy trinity' economic principle, illustrating the contradictions in promoting high investment alongside a budget deficit and trade surplus, highlighting a fundamental misunderstanding of economics.

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