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Ep. 241 Krugman Confuses on Trade Surpluses

Bob Murphy Show

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The Way to Maximize How Many Dollars Do You Have?

If you aren't allowed to spend your dollars on stuff made by people outside the smith household, then anything you really want, you have to produce yourself. Buy things from the cheapest seller, regardless of whether it is someone whois in your family or not, and then save as much as possible. That's the way to maximize how many dollars you end up with.

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