Macro Musings with David Beckworth cover image

Macro Musings with David Beckworth

20 - Douglas Irwin on Free Trade, the Gold Standard, and American Economic History

Aug 22, 2016
Economics professor Douglas Irwin discusses free trade, US trade history, and the gold standard. They explore the impact of import shocks from China, the benefits of trade policies, and France's role in the Great Depression.
57:50

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Free trade benefits individuals and nations through specialization and exchange, echoing Adam Smith's principles.
  • Protectionist sentiments in U.S. politics, exemplified by Trump, highlight divisions within parties on trade policies.

Deep dives

Introduction of Monetary Rules for a Post-Crisis World Conference

Introduction to the upcoming monetary policy conference named 'Monetary Rules for a Post-Crisis World,' co-hosted by the Mercatus Center and the Cato Institute, featuring panelists like John Taylor, Miles Kimball, and Scott Sumner.

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