Earlier this week, Peter Navarro, a leading White House voice on trade and economic policy, appeared on Fox News and insisted that the U.S. economy is “perfect.” In fact, during the same on-air comments, Navarro described the economic conditions in the first year of Donald Trump’s second term as the best since 1998, dovetailing with the president’s near-constant insistence that the domestic economy has literally never been as healthy as it is now.