You’ve heard endless debate about the trade deficit, but what about its evil twin, the budget deficit? In this episode, Mark Thornton untangles the truth behind the so-called “twin deficits,” revealing why trade imbalances aren’t necessarily bad, and how government borrowing distorts investment, fuels inflation, and weakens long-term prosperity.
Mark cuts through the economic fog and shows what’s really dragging us down.
Additional Resources
“Trade Deficits and Fiat Currencies” by Robert Murphy: mises.org/MI_115_A
“The Evil Twins: U.S. Federal Budget Deficits and U.S. Trade” by Jane L. Johnson: mises.org/MI_115_B
“The Twin Deficits” by Gary North: mises.org/MI_115_C
“A Dollar as Good as Gold” by Lewis E. Lehrman: mises.org/MI_115_D
Join the Mises Institute on April 26 in Phoenix, Arizona, as we expose the danger and waste of bureaucracy: Mises.org/Phoenix25
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What is the Mises Institute?
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.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
Originally Posted at https://mises.org/