• The Twin Deficits

  • Apr 12 2025
  • Duración: Menos de 1 minuto
  • Podcast

The Twin Deficits

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  • Resumen

  • You’ve heard endless debate about the trade deficit, but what about its evil twin, the budget deficit? In this episode, Mark Thornton untangles the truth behind the so-called “twin deficits,” revealing why trade imbalances aren’t necessarily bad, and how government borrowing distorts investment, fuels inflation, and weakens long-term prosperity. Mark cuts through the economic fog and shows what’s really dragging us down.

    Additional Resources

    “Trade Deficits and Fiat Currencies” by Robert Murphy: mises.org/MI_115_A

    “The Evil Twins: U.S. Federal Budget Deficits and U.S. Trade” by Jane L. Johnson: mises.org/MI_115_B

    “The Twin Deficits” by Gary North: mises.org/MI_115_C

    "A Dollar as Good as Gold" by Lewis E. Lehrman: mises.org/MI_115_D

    Join the Mises Institute on April 26 in Phoenix, Arizona, as we expose the danger and waste of bureaucracy: Mises.org/Phoenix25

    Be sure to follow Minor Issues at Mises.org/MinorIssues
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