"In that half-century, we have gone from 75% of the world living in extreme poverty to just 9%. We have increased human productivity by some 3,000%."Nobody seems to know this. The late Hans Rosling conducted a poll in which he asked people if the proportion of the world living in extreme poverty had doubled, halved, or stayed the same in the past 20 years. Just 5% of people thought it had halved – which is the right answer."
"Reducing a trade deficit through tough, smart negotiations is a way to increase net exports – and boost the rate of economic growth."
"Peter Navarro, one of the White House's top trade advisers, is widely viewed throughout the West Wing and Capitol Hill as a prickly personality with extreme policy ideas."But he has nonetheless emerged as an influential force in the White House who appeals to President Donald Trump's protectionist impulses...[R]ecently, Navarro has scored several policy wins. In late April, the administration announced that it planned to impose tariffs on softwood lumber imports from Canada. The United States and Canada have been feuding about softwood lumber for decades, and Trump's decision to hit Canada with tariffs infuriated the country's leaders. Navarro declined to comment on his role in it."