The REAL Trade War: Milton Friedman vs. Donald Trump

The Republican coalition is (almost) universally united in condemnation of former President Obama’s poorly-negotiated trade deals. 

As to whether newly-minted President Donald Trump should use tariffs to force our trading partners into accepting more advantageous, bilateral agreements? 

An internal debate is already getting underway… 

The Peso is plummeting at the moment. We’ll see what tomorrow brings. 

In any event, that debate will shape America’s prosperity (or lack thereof) for years to come. So let’s take a deep breath, pause for a moment, and listen closely to the words of Rutgers University’s late, great Milton Friedman who understood the topic far better than most politicians:

BTW – you can nerd out and watch the entire thing here

And here’s the transcript.