Bob Murphy Show Ep. 276 Even Milton Friedman Slipped in His Defense of Trade Deficits
11 snips
Jun 10, 2023 Chapters
Transcript
Episode notes
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Introduction
00:00 • 3min
Trump and China Share a Bad Idea on Trade
03:12 • 2min
The Pros and Cons of Josh Hawley
05:08 • 5min
The Good and the Bad of International Trade
10:26 • 1min
The Benefits of Free Trade
11:52 • 5min
The Fallacy of Wise Prudence
16:37 • 2min
The Importance of a Good Standard of Living
18:43 • 4min
The Importance of Consumption
22:58 • 2min
The Importance of a Trade Deficit
25:03 • 2min
How to Deal With a Current Account Deficit
27:03 • 4min
Milton Friedman's Logic on Trade Deficits
31:13 • 3min
The Problem With Old School Mercantilism
33:48 • 3min
The Implications of Free Trade
36:27 • 5min
Milton Friedman's Argument for a Global Reserve Currency
41:18 • 1min
The Problem With Running a Trade Deficit
42:47 • 2min
The Importance of Printing Up $100 Bills
44:58 • 6min
The Importance of Saving
50:54 • 2min
The Importance of Stockpiling Gold and Silver Coins
52:55 • 4min
Crusoe and the Fallacy of Saving and Investing
57:15 • 2min
The Importance of Saving and Investing in the Economy
59:28 • 4min