Episode 8 – Milton Friedman Speaks – Free Trade: Producer vs. Consumer (Podcast)
Free To Choose Media Podcast
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The Importance of Exports in International Trade
In the international trade area, the language is almost always about how we must export. And if we buy from abroad, an import, that's bad as well. But surely that's just upside down as well. The goods and services we send abroad, our goods and service is not available to us. We want productive jobs which will enable us to produce the goods and Services we consume at a minimum expenditure of effort. In a way, the appropriate national objectives is to have the fewest possible jobs for the greatest amount of product.
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