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Ep. 241 Krugman Confuses on Trade Surpluses

Bob Murphy Show

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Trade Deficiency Is Not a Sign of Weakness

Art. Sike that the average worker during his prime working years is probably and it's a wise thing in most cases, consuming less than they earn an income to save the difference. That's certainly not a sign of weakness o that they're doing something wrong. If some countries are running trade deficits, other countries have to be running trade surpluses. So just like thit's like the flip side of the old mercantilist thing. There was no way that every country on earth could run a trade surplus.

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