Words & Numbers cover image

Episode 192: Trading with Benefits

Words & Numbers

00:00

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.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app