The Truth About Chia. Can chia seeds really help you lose weightPeter Navarro Trumps China Advisers Bad Economics. In the collected works of Peter Navarro, there is a peculiar paradox Some of the dullest prose imaginable challenges the sharp edge of Hanlons razor, the aphorism that advises us Never attribute to malice that which is adequately explained by stupidity. Professor Navarro of the University of California at Irvine has hanging on the wall of an office or a den somewhere a doctorate in economics from Harvard barring some Forrest Gumplevel chain of coincidence, it does not seem likely that anything as innocent as stupidity explains his literary output, which consists of a few how to make money in the stock market books an actual title If Its Raining in Brazil, Buy Starbucks from earlier in his career and a half dozen or so low minded books about China with such talk radio ready names as Death by China and The Coming China Wars, two books that contain 8. He is President Donald Trumps house China intellectual, the only one of his close advisers who is a credentialed academic economist, albeit one whose area of specialty is utility companies, not international trade. Our most famous scholar of trade economics, Paul Krugman, apparently was not available for service in the Trump administration. Pity. Navarro has been named head of the newly created National Trade Council, a position in which he is well positioned to do a great deal of damage to the Trump administration, to the United States and its economic interests, and, possibly, to the world. For the Disney movies, see The AbsentMinded Professor the The before the title is important. This Stock Character is a brilliant scientist, but. Thats quite a step up for a man who was teaching undergraduate econ to business students until a few months ago. It will not escape your notice that his career bears more than a passing resemblance to that of Elizabeth Warren. Both entered public life as academics both attempted to build fortunes and reputations on popular financial self help books Elizabeth Warren offered the Dave Ramseyish Ultimate Lifetime Money Plan Warren, possibly owing to her being a woman of color Pantone code 1. TPX, secured a more prestigious academic appointment than he did, but UC Irvine isnt nothing both individuals were instrumental in the creation of federal agencies, though Warren ultimately was prevented from leading the Consumer Financial Protection Bureau she dreamt up both sought public office, with Warren coming to serve in the Senate and Navarro running for office four times as a Democrat, losing races for mayor of San Diego, San Diego city council, county supervisor, and Californias 4. Vice President and Nobel Laureate Al Gore has been transformed by an avalanche of scientific facts from a left wing crazy to the planets most authoritative political voice on the subject, writes Navarro. And both are battier than Bruce Waynes basement. Professor Navarro, among other things, makes economics errors that would be obvious to an undergraduate. This has been commented on at some length elsewhere, most prominently after he published a review of the Trump economic plan a review co authored with Wilbur Ross, who is not an economist but is now secretary of commerce in which he proffered the schoolboy argument that, because GDP is defined as the sum of consumption, investment, government spending, and net exports, eliminating our trade deficit with China would add substantially to GDP. In economics terms, he has mistaken an accounting identity for real world causality in laymans terms, this is horsepucky, a mistake that an econ professor like him really shouldnt be making, as Noah Smith of Bloomberg put it. Net exports means exports minus imports, and, because the United States currently runs a trade deficit, that figure is negative. Download The Incredibles 2 Movie Online. And it is not a trivial figure Our trade deficit with China in 2. GDP. But eliminating that trade deficit would not add 2 percent to GDP imports are subtracted from the GDP model because they already are counted in other consumption and we dont want to double count them. As Catos Dan Ikenson puts it in his savage write up of Navarros economic illiteracy his words in The Hill Imports have nothing to do with GDP other than the fact that they increase when the economy is growing and they tend to decrease when the economy is contracting. There is no inverse relationship between imports and GDP, as Navarro asserts. He calls Navarros appointment an assault on the fundamental premise that public policy should be rooted in fact and reason. I/51MDPBGCZ6L._SR600%2C315_PIWhiteStrip%2CBottomLeft%2C0%2C35_PIStarRatingFOUR%2CBottomLeft%2C360%2C-6_SR600%2C315_ZA(29%20Reviews)%2C445%2C286%2C400%2C400%2Carial%2C12%2C4%2C0%2C0%2C5_SCLZZZZZZZ_.jpg' alt='The Nutty Professor Review' title='The Nutty Professor Review' />Deficits in trade are married to surpluses in investment. The Chinese choose to consume less and invest more for many reasons One is that China is still poor and does not wish to be, and its leaders understand that real prosperity does not come without real investment another is that any Chinese national with the wherewithal to invest outside of China is smart enough to know that doing so is prudent when you live under a police state that is by necessity always one serious economic crisis away from civil unrest. Professor Navarro never gives any serious consideration to the actual fact of trade offs between consumption and investment, trade offs being the coin of the realm for economists doing economics. For him, trade is mainly a moral question While Chinas unfair trading practices constitute the major reason the United States runs huge trade deficits with China, he writes. At least part of Americas huge trade imbalance problem may be traced directly to its nearly decade long descent into a living beyond ones means lifestyle. This is a lifestyle that has been accommodated both by chronic federal budget deficits and a surfeit of easy money from the Federal Reserves printing press. None of that is true. Neither is his related claim that China effectively acts as the United States central banker, as he repeatedly puts it. A little less than half of U. S. government debt held by the public is owned by foreign governments and institutions, and China is not the biggest overseas holder of that debt Japan is, as of the most recent December 2. Treasury Department. The third biggest holder of U. S. federal debt abroad is Ireland, followed by see if you can identify the trend here the Cayman Islands, Brazil, Switzerland, Luxembourg, and the United Kingdom. The belief that Beijing has some special hold on U. S. finances is a myth. To the extent that there is a stranglehold, it is mutual Luo Ping, then Chinas top bank regulator, told an audience of American financiers and regulators in 2. Except for U. S. Treasuries, what can you hold Gold You dont hold Japanese government bonds or U. K. bonds. We know the dollar is going to depreciate, so we hate you guys, but there is nothing much we can do. He wasnt wrong about that, and the prospect of China firebombing its own assets in a fit of anti American pique is far fetched. Professor Navarro almost certainly knows this. Overweight scientific genius Sherman Klump and his extended family are back in this sequel to the 1996 comedy smash The Nutty Professor. Sherman played once again by. Generates random phrases and sentences, poking fun at political rhetoric, blog headlines, action movie titles and more. He dominated show business with Dean Martin in the 1950s, starred in The Bellboy and The Nutty Professor, hosted the Labor Day telethon for decades and received. Resist the urges to call the fire department that you will probably experience during John Leguizamos Latin History for Morons, which opened on. Directed by Jerry Lewis. With Jerry Lewis, Stella Stevens, Del Moore, Kathleen Freeman. To improve his social life, a nerdish professor drinks a potion that. Peter Navarro, head of the National Trade Council, is in a position to give President Trump very bad advice. Professor Ludwig Von Drake is an anthropomorphic duck created by Walt Disney. The paternal uncle. The Nutty Professor Review' title='The Nutty Professor Review' />Professor Navarro almost certainly does not care. His fearful books and risible policy analyses are not written for the Dan Ikensons of the world, or even for those freshman econ students who could spot the errors in his work. They are written for partisans and true believers. This is a very large audience Sean Hannitys audience but Navarros most recent policy analysis was written for the smallest of all possible audiences, an audience of one Donald J. Trump. Navarros China books are also written to stir emotion, not light. He refers to Diego Garcia as one of the most strategic bases in the American matrix, a phrase that is without meaning. Vetoing panda proliferates genocide in Darfur, on the other hand, is worthy of Lawrence Ferlinghetti. He offers absurd historical quantifications such as this gem Across a broad swath of world history, in fully eleven of the fifteen times since 1. China faced an established power like the United States, war resulted more than 7. He is very, very fond of that broad swath, sweep, whatever, e. Jerry Lewis, Legendary Comic and the Original Nutty Professor, Dies at 9. Comedic legend and star of the sci fi comedy The Nutty Professor Jerry Lewis passed away today at his home. He was 9. 1 years old. Born in 1. 92. 6, Lewis went on to success as a comic, singer, actor and filmmaker. In 1. 96. 3, he made The Nutty Professor as a wacky parody of Dr. Jekyll and Mr. Hyde, blending science fiction and romantic comedy into a winning combination. John Katsilometes, columnist for The Las Vegas Review Journal, reported that the legend died at his home in Las Vegas at 9 1. Lewiss agent. Ill be updating this post throughout the day if and when more information arises. UPDATE Talking to CNN, publicist Candi Cazau sheds some light on the comedians death, saying that he was mildly ill before his final days and had had a short stay in the hospital. He had returned home in recent days, however, and was making plans for future appearances. You can watch the full segment, which includes reflection on the late Lewiss life, below.