America’s Keynesian Follies Bite The Dust

Well, now, that was a bracing number. The November goods deficit came in at a record $97.8 billion, and also guaranteed that the  US goods deficit for the full year will cross the $1 trillion mark by a country mile.

In fact, as of November the cumulative deficit for 2021 is already $985 billion. And that’s close enough for government work when it comes to vaulting over a big threshold that tells you something is really rotten in Denmark.