Are Trade Deficits A Sign Of Economic Strength?

By Robert P. Murphy of The Mises Institute

Austrian Economics • Mar 24, 2025 at 12:07 AM EDT

Even big gun economists can often speak in misleading ways when it comes to trade deficits.

cargo ships docked at the pier during day

Image Source: Unsplash

Bob responds to recent tweets that believe trade deficits are a sign of economic strength. He also includes an op-ed from Robert Barro and a clip from Milton Friedman, to show that even big gun economists can often speak in misleading ways when it comes to trade deficits.

Video Length: 00:55:20

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