‘Tariff Man’ Perpetuates a Trade-Deficit Myth

In an article published in The Wall Street Journal, Donald Boudreaux critiques the concept of a trade deficit being viewed as an emergency. He argues that the narrative surrounding the trade deficit is a myth perpetuated by those who misunderstand economic principles. Boudreaux emphasizes that the trade deficit does not inherently signify economic distress and calls for a reevaluation of how trade deficits are perceived in the context of overall economic health.