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A trade deficit isn't actual evidence that anything is wrong. But if it were, one of the best things to do would be to reduce government spending. Unfortunately, politicians disagree.
Original Article: "Want to Reduce the Trade Deficit? Cut Government Spending".
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
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Tate Fegley is a Postdoctoral Associate at the Center for Governance and Markets at the University of Pittsburgh. Research Fellow at the Independent Institute.