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Trumponomics

Regular readers of this blog know that I often disagree with Paul Krugman. But I come here today agree with a recent post of his on the analysis put out by two Trump economic advisers. The Trump advisers' analysis is truly disappointing (though perhaps not surprisingly so, given what the candidate has said over the course of the campaign).Their analysis of trade deficits, starting on page 18, boils down to the following: We know that GDP=C+I+G+NX.
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