100 Years of 100 Things: Free Trade

Michael Froman, president of the Council on Foreign Relations and former U.S. Trade Representative, dives into the intricate history of American trade policies. He discusses the role of tariffs and trade wars, particularly the Smoot-Hawley Act's impact on the Great Depression. The conversation transitions to Keynesian economics, the consequences of trade agreements like NAFTA, and their implications for income inequality. Lastly, Froman reflects on the personal stories intertwined with trade policies, showcasing the human cost of economic decisions.