Tomorrow (Sunday) I’ll be a guest on The Bob Zadek Show out of the Bay Area (9am PDT; 12pm EDT). (The show is broadcast on San Francisco’s KKSF 910 AM .) The topic will center around the new book I edited and published by the Fraser Institute, What America’s Decline in Economic Freedom Means for Entrepreneurship and Prosperity .
Citing the work of regular Cafe patron Jon Murphy, Mark Perry explains that increased imports and higher trade deficits in the U.S. – that is, more valuable stuff for Americans to consume and increased investment in the U.S. – are not economic bads .
Bob Murphy has some informative fun with people who do not understand trade . (Bob’s post reminds me of this Cafe Hayek post from 2005 .)