Trade Deficit -- Congress Is Not Worried -- Why Should The Rest Of Us Be Worried? -- March 6, 2019

From the AP: US trade gap jumped to 10-year high; record gap with China.

From twitter today:

I know Mark Perry over at Carpe Diem is not concerned about US trade deficits.

Likewise, economists across the board and folks much smarter than I are not concerned about the US $22 trillion deficit. President Trump is an exception.

Why should the rest of us be worried?

"God grant me the serenity to accept the things I cannot change, courage to change the things I can, and wisdom to know the difference." -- The "Serenity" Prayer -- Reinhold Niebuhr.