Detailed text transcripts for TV channel - MSNBC - 20180307:17:17:00
Class at all. i was teaching them about the current account deficit and it felt like a political act that i was attacking the president's understanding of economics when i put up some of the basic identities that are in every single economics textbook and all economists would use. first of all, that $800 billion number is goods. that's an increasingly important part of the u.s. economy. the reason we run that trade deficit is because we spend more than we produce in the united states so we have to borrow money from the rest of the world to make up that difference. if we want to bring the trade...
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