“Here’s a letter to the Wall Street Journal: Peter Navarro’s attempted justification of policies to reduce America’s trade deficit is a river of rubbish (“Why the White House Worries About Trade Deficits,” March 6). Our first hint of Mr. Navarro’s confusion comes when he writes that “growth in real GDP depends on only four factors: […]”
Source: What an Embarrassing Performance by Peter Navarro – Cafe Hayek