Saturday, November 24, 2012

Video: Murray Rothbard on Trade Balance and Government Budget

Many mistake the effects of balance of trade with that of government budget. Some do this deliberately, through the use of statistical ruse, to promote the mercantilist or protectionist agenda.

In the following video, the great dean of the Austrian school of economics Murray Rothdard tersely clarifies on such distinction and or dispels the mercantilist myth.


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