Lawrence H. Summers
While I support open markets and oppose protectionism, that is not my problem with the @realDonaldTrump Administration policies. The problem is an utterly confused and incoherent doctrine that says bilateral deficits are a sign a country is exploiting us. Trump’s economic theory makes Laffer curve look like Newton’s law of gravity and Modern Monetary Theory look like Darwin’s theory of evolution. They are far beyond wrong.