Riposte of the day 7th April 2025

Asked "How much should people really worry about the balance of trade?" 

American economist Thomas Sowell replied, 

"Somewhat less than you worry about being struck by lightning." 

This was the opening exchange in Thomas Sowell's part of the clip below, which begins with a speech by Milton Friedman in which he askes what an unfavourable balance of trade really means, and is then followed by an interview with Sowell.


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