Episode 8 – Milton Friedman Speaks – Free Trade: Producer vs. Consumer (Podcast)
Free To Choose Media Podcast
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The United States and Japan - A Brief History
Japanese goods would become more expensive to us citizens in dollars, and amer an goods would become cheaper to japanese in yen. And that would continue until the dollar value of Japanese goods was roughly equal to the dollar price of American goods. The united states had a balance of payments deficit every single year because foreigners wanted to invest capital there.
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