Liberty Conspiracy - 6-14-11 Why We Shouldn't Fear So-Called Trade "Deficits"

Join us and spread the word that there's a podcast out here where the people behind it actually TALK about ECONOMICS. While you're at it, you might want to mention that to the POP MEDIA who seem more interested in scare-mongering and ignorance. In this program, Gardner Goldsmith selects a tiny, super-brief quote from one of the debaters at the recent 2011 GOP presidential debate to highlight a fundamental lesson most politicians haven't learned about economics. It's all about the so-called "trade deficit", and why that term is erroneous and misleading. Gard explains that the popular myth of the "trade deficit" is just that, a myth, and it is not bad to be buying more of the products made in a foreign nation. Listen and you'll see what we mean! Be Seeing you!