Economist keep telling everyone that trade deficits don’t matter. The only person with an economics PhD who disagrees is Peter Navarro – our problem being that Navarro’s in the White House advising Trump. Still, it’s good to have Gary Cohn speaking out on this:
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Former Trump advisor Gary Cohn could care less about trade deficits.
“Look, I have always said a trade deficit doesn’t matter,” the ex-White House chief economic advisor said during a Washington Post interview Thursday.