My issue with pointing out the math error is that it isn’t even the actual problem - the entire concept is based on the incoherent idea that having a trade deficit is inherently a bad thing for some reason. The entire formula is junk, not just the one variable.
My issue with pointing out the math error is that it isn’t even the actual problem - the entire concept is based on the incoherent idea that having a trade deficit is inherently a bad thing for some reason. The entire formula is junk, not just the one variable.