Words & Numbers

The United States is poised to rack up a record trade deficit this year. Politicians and the media will make a big deal about this, but the truth is that trade deficits really don’t matter. Trade is simply an exchange. So long as it’s voluntary, by definition, both parties are better off. Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits US Debthttps://www.cnn.com/2020/10/08/economy/deficit-debt-pandemic-cbo/index.html https://fred.stlouisfed.org/series/GFDEGDQ188S Facebook Currencyhttps://news.trust.org/item/20201012143626-bfcy3 Foolishness of the Week Super Trump https://thehill.com/homenews/administration/520540-trump-wanted-to-rip-open-shirt-to-show-superman-t-shirt-when-leaving Topic of the Week Trade Deficit https://fred.stlouisfed.org/series/IEABC Join the Conversation Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ Let Us Know What Y