Understanding Trumponomics

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Abstract

Donald Trump’s economic philosophy—Trumponomics—aims to improve the financial health of the U.S. government and rests on four stated goals: eliminating the federal budget deficit, narrowing the trade deficit, strengthening national and military security, and putting more money in Americans’ pockets. A lower budget deficit reduces the government’s dependence on borrowing; a lower trade deficit supports domestic production; industrial capacity strengthens national security; and higher employment,

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