Episode 192: Trading with Benefits
The United States is poised to rack up a record trade deficit this year. Politicians and the media will make a big deal about this, but the truth is that trade deficits really don’t matter. Trade is simply an exchange. So long as it’s voluntary, by definition, both parties are better off.
Get Your Copy of Cooperation and Coercion Now!
http://www.cooperationandcoercion.com
Show Your Support for Words & Numbers at Patreon
https://www.patreon.com/wordsandnumbers
Quick Hits
US Debthttps://www.cnn.com/2020/10/08/economy/deficit-debt-pandemic-cbo/index.html…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.