WSJ Joins the TPP Stumble

The Wall Street Journal promised "trade deficit myths" in its editorial on the Trans-Pacific Partnership (TPP), and it certainly delivered. It begins by telling readers:

"The first problem with Ms. DeLauro’s charge is that running a trade deficit—that is, having more imports than exports—isn’t necessarily bad. In the U.S. it can signal economic health: that American consumers and businesses are saving money by buying cheaper foreign goods, and that the U.S. economy is attracting overseas inve...