Milton Friedman on why the trade deficit is not a problem | Dan A.
Milton Friedman on why the trade deficit is not a problem | Dan A.
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Milton Friedman on Free Trade
Milton Friedman on Free Trade
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Hong Kong with zero tariffs and massive trade deficits shows that trade deals and tariffs are not necessary for a healthy economy. The power to negotiate trade deals is given to the people themselves. They are free to plan their lives how they see fit. Hong Kong is living proof that no third party plan or trade deal can plan their life better than they can. This has allowed them to prosper both as a individuals and as a nation like few others. They have gone from $400 to $40,000 in 50 years. | M
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