ECONOMICS OF TRADE DEFICITS


The current U.S. trade deficit with China is over $200 billion, and China is accused of manipulating its currency to increase their exports (our imports). John Stossel then poses the question of whether this trade deficit indicates that the Chinese are treating us unfairly. Don Boudreaux, an economist from George Mason University, is interviewed to explain the economics of trade deficits and the benefits they create. The myth that American manufacturing is on the decline is specifically addressed with a graphic.
SEGMENT 16 / MECA DVD

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