Should We Be Worried About Trade Deficits?

The video explores the debate on trade deficits, contrasting President Trump's view that they symbolize economic weakness and job loss with economists' perspective that they are unimportant, as they allow for investment and economic diversification. The discussion encourages viewers to consider whether economic success is about producing goods or broader economic activities.

What does the text suggest about the relationship between manufacturing jobs and trade deficits?

In what ways does the text argue that economics is about more than just 'stuff'?