Introduction

Bob uses a recent Krugman article to highlight how free-traders sometimes confuse the public on the nature of trade surpluses. Contrary to Krugman, there's nothing foolish about exporting more than you import.

Mentioned in the Episode and Other Links of Interest:

• Bob's mises.org critique of Krugman's NYT column.
• Bob's critique of the WSJ subtitle for a Barro op ed.
• Bob's novel Minerva (pdf version compiled by a listener).
• Help support the Bob Murphy Show.

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