Bob responds to recent tweets that believe trade deficits are a sign of economic strength. He also includes an op-ed from Robert Barro and a clip from Milton Friedman, to show that even big gun economists can often speak in misleading ways when it comes to trade deficits.
- Bob’s Article on Free Traders Defending Deficits: Mises.org/HAP492a
- The FRED Chart Referenced in this Episode: Mises.org/HAP492b
- Bob’s 2007 Mises Daily article on Capital Surplus: Mises.org/HAP492c
- Bob’s 2007 Mises Daily article Predicting the Recession: Mises.org/HAP492d
- The Human Action Podcast Episode on International Trade: Mises.org/HAP492e
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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
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