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Milton Friedman on Exports as What Is Given Up (as a Means of Getting More Imports)

Summary:
Mark Perry reminds me of these two videos of Milton Friedman explaining, with an eloquence and concision that I can only admire and not match, why exports are costs or, better stated, what we give up. [embedded content] [embedded content] Comments

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Mark Perry reminds me of these two videos of Milton Friedman explaining, with an eloquence and concision that I can only admire and not match, why exports are costs or, better stated, what we give up.

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Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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