Navarro is one of President Trump’s economic advisers and the one most closely associated with tariffs. Navarro, who has a Ph. D. in Economics from Harvard, holds extremely strong beliefs in the positive power of tariffs. What are the pro-tariff arguments? Let’s break them down.
We must reject theories that cannot be backed up by facts, but we must also reject facts that cannot be explained by any theory. It isn’t enough to just know the data; one must also know the why of the data. If one can’t figure out the why, then the data should be noted as a mere coincidence. Theory matters.
Who wants to get more for less? I know what you are thinking: Who doesn’t want to get more for less? Evidently one answer is Peter Navarro, and any other economist who believes that a trade deficit is a bad thing. For those who are less familiar, Mr. Navarro is one of President Trump’s advisers…
Love him or hate him, but either way you have to admit Donald Trump has style. He doesn’t just build hotels; he builds hotels with his name plastered on them in huge gold letters. He has been this way his whole life, so he is not just going to quietly go about the business of rightsizing government…
The “dealings of my trade” are to maximize the financial welfare of our clients. Maximizing economic growth is part of that equation, which means when I discuss economic policies I will point out when they actually hurt the economy, and that is what gets me in trouble.
