American Capitalism’s Worst Nightmare, Part 3

Donald Trump’s War on America’s $5.5 trillion of two-way trade with the rest of the planet is surely one of the most senseless acts of state aggression in modern times, if ever. That’s because its predicate—that America’s giant, unsustainable trade deficits are owing to unfair trade—is dead wrong. And we do mean wrong—as in completely, […]

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