The ravings of a certain candidate for President — in case you have been living under a rock, I mean the one that has been having a bad hair decade — about the evils of the US trade deficits with China, Mexico, Japan, and assorted other countries reminded me of a column I wrote for the New York Times in another election year, 1984 to be exact. So I went back and looked for it, and it seemed sadly still to be relevant, so I will reproduce it here. Not that I expect it to contribute much to general enlightenment, but, at times like these, one feels that one just has to do something to resist the madness.
The Much Maligned Trade Gap
No economic statistic is reported more dolefully these days than the country’s trade balance.
Ever on the alert for signs of impending economic disaster, the press routinely…
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Utopia, you are standing in it! 
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