Ep. 241 Krugman Confuses on Trade Surpluses
Bob Murphy Show
00:00
Why Isn't the Wall Street Journal Editor Picking the Sub Title?
bob murphy: The benefits of trade shouldn't be measured by the jobs and incomes created in export industries. He says gains from trade come instead from the useful goods and services other countries provide to your citizens. If anything, it means that you're giving the world more than you get, receiving nothing but ious in return.
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