Tuesday, May 5, 2015

Murray Rothbard on the Trade Deficit

WSJ headline and report today:
U.S. Trade Gap Widens on Surging ImportsA giant widening in the U.S. trade gap, driven by a surge in imports, could signal the nation’s economy contracted in the first quarter.

Here's Murray Rothbard's take on deficits:

-- RW


  1. As usual - CRYSTAL CLEAR logic from Prof. Rothbard.
    GOD, how I wish I had had it together to shlep my dumb ass to Las Vegas and at least audit some of his classes!!
    Thank God for Mises Institute, internet and videos!!

  2. I will enjoy cheap imports as long as they last.