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Explore The Absurdity of Trump's Economic Agenda Explained Simply with 106,743 views, 3,312 likes, and 720 comments. Experience the impact of this video content that has captured audience attention.

Why does more foreign investment mean a bigger trade deficit? President Trump brags that he's brought $21 trillion in new investment into America. Justin Wolfers already debunked that number (the White House's own list only reaches $11.3 trillion), so in this Professor Is In office-hours episode he answers your questions about what that claim would even mean if it were true. It also, by simple accounting, means a LARGER trade deficit, because every dollar that flows in to buy American assets is the flip side of a dollar flowing out when you buy that bottle of French wine. You can't have low trade deficits, big inflows, and a fixed exchange rate all at once. From there, Justin follows your comments into the economics of costly standards: why the U.S. sticking with inches and miles works like a tariff that doesn't even raise revenue, why QWERTY keyboards slowed you down on purpose and never un-stuck, and how technology (think faxes, and now AI) can quietly translate around bad conventions. He closes on a real question: when a political claim is nonsense on its face, is it worth taking seriously? If it's not obvious to everyone, teaching why it's wrong might be exactly the job. Join DeleteMe here and get 20% off: joindeleteme.com/Wolfers Use code: WOLFERS Chapters: 0:00 Did we take Trump's $21 trillion seriously? 1:11 Foreign investment means foreign ownership 3:05 Why it means a bigger trade deficit 5:27 Why America skips the metric system 7:13 Bad standards cost like a tariff 9:55 Sponsored by: DeleteMe 14:01 QWERTY keyboards and stuck standards 15:20 Is Pluto a planet? 17:00 Briefcases, school buses, stadiums 18:49 Was taking it seriously worth it? Subscribe — it's the one convention that actually pays off, unlike the inch: on YouTube 👉 https://youtube.com/platypuseconomics on Substack 👉 https://newsletter.platypuseconomics.com the Podcast 👉 https://platypuseconomics.com/podcast Follow on Social Media @PlatypusEconomics and @JustinWolfers

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