We <i> Should </i> Panic Over Trade Deficit

John F. Lawrence’s Nov. 2 column must have been made in Japan and shipped to the United States along with the products he describes. It’s chilling to think that we are trading our most precious commodity, U.S. real estate, for autos and videocassette recorders. This system of avoiding inflation seems to me a more subtle and insidious Pearl Harbor than we had in 1941.

NORMAN W. PERLUSS

La Quinta