
Ep. 241 Krugman Confuses on Trade Surpluses
Bob Murphy Show
00:00
How to Build a Modern Oarhouse?
A small, little island in the ocean near there might be a lot of fish or something. It's not going to have all the materials it needs on hand. And so how does it get all that stuff? From foreigners,. from places around the world that are more hospitable to producing those things and yielding those things. As i could just tell you what trump was thinking about trade when he was thinking about free-floating money. The father is asking his son why he spent ten thousand dollars at 12 years old but only earned £1,000 as an adult. He says: 'I think it was like a p & l for the country'
Transcript
Play full episode