
Episode 192: Trading with Benefits
Words & Numbers
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The Importance of Money
I've never really understood where the trade imbalancers came from. When Trump ran for office, it got even more confounding to me because people who I think are otherwise quite intelligent fall for this nonsense day in and day out. And a bunch of ridiculous assumptions get made as we wander towards those conclusions. But these are not stupid people making them. No, they're not stupid people, but this error goes back many hundreds of years. We're no longer talking about gold, but it's the same phenomenon only with dollars replacing the gold. The US dollar is not exactly a place you want to hang your hat anymore. If you take a look around at the rest of the world, there
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