Dr. Thomas Sowell casually explains why we should never worry about the “balance of trade” and what’s fundamentally flawed with protectionism.

A services economy that relies entirely on goods from abroad is at major risk—Covid being the most recent example of this. No one doubts the benefits of comparative exchange, but for some reason economists refuse to acknowledge its national security implications.

This is so important. Please note the comments about the real causes of the Great Depression!!!

He's such a legend 💪❤️

The GOAT

Thank god you guys are dying out. Bye bye.

Korean population is jot 330 million. So how can we sell the equivalent amount? It's a bullschitt question!

So does this mean Trump's tariff plans are a bad idea? Or is Trump using them to solve a different "problem"?

@SengCenter Yeah, famously the New Deal had no impact on the US economy in the early 1930s. Also, this is an argument against trump’s tariff plans. Did you guys mean to do that?