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Norman Zada

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@NormZada

President, Lotfi Zadeh Foundation. Runs USIC. Songwriter. Author: Hold'em Poker Super Strategy. Former hedge fund manager; Stanford applied math professor.
Marina Del Ray, California financial-competitions.com Joined June 2017
34 Following 2.4K Followers 176 Posts

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Norman Zada Verified account @NormZada
@elonmusk With all due respect, if the country runs a $1 trillion trade deficit and a balanced budget, the public's financial assets will decrease by around $1 trillion a year, leading to a crash. That is one reason we have to run budget deficits, to fund the ongoing trade deficit. See "Why Tight Budgets Lead to Market Crashes."