Trade Deficits: Why Imports Are the Real Benefit | Warren Mosler

Donate: 🙏 https://www.buymeacoffee.com/slobodnipoI Warren Mosler turns the usual trade-deficit story upside down. Most people are taught that exports are good and imports are bad. Mosler argues that, in real terms, imports are the benefit and exports are the cost: when you export, your society uses labor, energy, and resources to send goods away; when you import, you receive real goods and services. He does not ignore strategy. Mosler says countries should be careful not to depend on hostile or unreliable suppliers for critical goods. But he separates that strategic issue from the economic myth that trade deficits automatically cause unemployment. His broader point: unemployment is not caused by imports, technology, or AI. It is caused by how fiscal and monetary policy are managed. Full episode: https://www.youtube.com/watch?v=nG4mxrWQ7T0&list=PLJTy3oXCzHShsVuJ-zfiGnx96nuR-BNWB&index=1 WEB: slobodnipodcast.hr