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Ep. 241 Krugman Confuses on Trade Surpluses

Bob uses a recent Krugman article to highlight how free-traders sometimes confuse the public on the nature of trade surpluses. Contrary to Krugman, there’s nothing foolish about exporting more than you import. Mentioned in the Episode and Other Links of Interest: Bob’s mises.org critique of Krugman’s NYT column. Bob’s critique of the WSJ subtitle for…