The nation-based “balance of international payments” accounting system is misleading and nonsensical.
His words say, invest in America. His actions say otherwise.
The tendency of the USA to have a negative balance of trade (more accurately known as a negative balance on current account) played a prominent role in the recent U.S. presidential campaign. Donald Trump criticized this tendency repeatedly and promised that if elected he would take various actions to reduce or eliminate it. Like…
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