8cda82da_brary_of_Economics_and_Liberty__ast_Highlights_HIDE_HIGHLIGHTS
[Time] 27:47
Not much opportunity to be a blacksmith outside Williamsburg, rural areas. Our emotions and our pocketbooks get tied up in these issues. Don't want to minimize the challenges, but what sustains our quality of life is this nexus of exchange, opportunity to interact by specializing. It has nothing to do with national borders. If dieting becomes the rage, candymakers can take the hit; has nothing to do with [international] trade. Trade is just another example of it. Most of us accept that there are times when we are going to be hurt. Tenured professors--people sometimes argue that they can say free trade is good only because their jobs are not at risk. Should anyone with a stake in the matter not be allowed to comment on trade because trade might up-end their jobs? Have to look at the arguments, not who is making the arguments. Podcasts are alternative to classrooms, so even tenured professors face competition.
Don Boudreaux on Globalization and Trade Deficits | EconTalk | Library of Economics and Liberty