
Episode 192: Trading with Benefits
Words & Numbers
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The Trade Deficit Is in the News
The August trade deficit is around $70 billion. It's the highest it's been since 2006, and politicians know exactly what to do with news like that. What politicians will do is presented as if it's US steelworkers versus Chinese steelworkers. And guess what? Well, that means things made with steel become more expensive. So now American car consumers are paying more for their cars.
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