A Trade Deficit Isn’t A Mortgage

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  • A Trade Deficit Isn’t A Mortgage
    A Trade Deficit Isn’t A Mortgage

    It’s encouraging that President Trump’s top economic adviser, Larry Kudlow, has since criticized Mr. Navarro’s speech. But the notion that the trade deficit is comparable to a homeowner’s reverse mortgage reflects the muddled thinking behind trade-war ideology. Normal mortgages are home loans paid back over time. In a reverse […]

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