Artwork for podcast Bob Murphy Show
Ep. 276 Even Milton Friedman Slipped in His Defense of Trade Deficits
Episode 27610th June 2023 • Bob Murphy Show • Robert Murphy
00:00:00 01:04:02

Share Episode

Shownotes

Bob uses the illustrious Milton Friedman to demonstrate a depressing tendency among economists to overreact in their zeal to defend trade deficits, where they end up arguing that it's necessarily beneficial to live beyond one's means. Although this could be true in certain cases, it's not true in general. Bob then explains that the original mercantilists weren't as dumb as modern economists claim.

Mentioned in the Episode and Other Links of Interest:

The audio production for this episode was provided by Podsworth Media.

Follow

Links

Chapters

Video

More from YouTube