Trade War: What is it good for?


First published at 21:10 UTC on March 21st, 2018.

The bestselling author of ON THE QUESTION OF FREE TRADE and THE RETURN OF THE GREAT DEPRESSION explains how a national economy is measured, provides the seven reasons why David Ricardo's Theory of Comparative Advantage is not relevant to real world trade, and demonstrates why a trade war is not necessarily bad for the U.S. economy.

Source material:

David Ricardo:
Theory of Comparative Advantage:
Gross Domestic Product:

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SensitivityNormal - Content that is suitable for ages 13+