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Ep. 241 Krugman Confuses on Trade Surpluses

Bob Murphy Show

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What Are the Benefits of International Trade?

When you're thinking about trade and the benefits of it, it's typical for the average person to think that imports come in and destroy our jobs. But on the other hand, if we're buying stuff from foreigners, maybe they'll buy stuff from us,. And so trade is good in that sense. The costs of international trade have to do with the exports we to send abroad. If somehow we could convince the rest of the world to send us goodies, right? You know, japan sends us cars. China sends us all the little items that are in walmart. Saudy arabia sends us crude oil. Canada sends us crude comedy. Rgt, if we could get

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