Economist: A country's trade deficit may indicate weakness in its economy, but it does not in itself weaken that economy. ██ ███████████ ███████ ██ ██████ █ █████ ███████ █████ ██ ████ ████████ █ ███████████ ████ █ █████ ██ ████ █████ ██ ███ ████ ██ ████████ ████ █ █████████ ████████ ████████████
The economist implicitly concludes that restricting imports to reduce a trade deficit won’t won't have an effect on the strength of the country's economy. She argues that this course of action would be just as ineffective as sticking a thermometer in cold water to lower someone’s fever. This is because, although a country’s trade deficit may indicate economic weakness, the trade deficit does not in itself weaken the country’s economy.
The economist uses an analogy to show that restricting imports to reduce a trade deficit won’t strengthen the economy because the trade deficit isn’t causing economic weakness. She compares it to the pointless act of sticking a thermometer in cold water to lower a fever, suggesting that restricting imports would be just as useless.
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