Mises Media

You’ve heard endless debate about the trade deficit, but what about its evil twin, the budget deficit? In this episode, Mark Thornton untangles the truth behind the so-called “twin deficits,” revealing why trade imbalances aren’t necessarily bad, and how government borrowing distorts investment, fuels inflation, and weakens long-term prosperity. Mark cuts through the economic fog and shows what’s really dragging us down.

“Trade Deficits and Fiat Currencies” by Robert Murphy: mises.org/MI_115_A

“The Evil Twins: U.S. Federal Budget Deficits and U.S. Trade” by Jane L. Johnson: mises.org/MI_115_B

“The Twin Deficits” by Gary North: mises.org/MI_115_C

"A Dollar as Good as Gold" by Lewis E. Lehrman: mises.org/MI_115_D

Join the Mises Institute on April 26 in Phoenix, Arizona, as we expose the danger and waste of bureaucracy: Mises.org/Phoenix25

Be sure to follow Minor Issues at Mises.org/MinorIssues

Part Two: Gratuitous Goods in a Free Economy

Chapter 8 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 247–260 in the print edition.

Part Two: Gratuitous Goods in a Free Economy

Chapter 7 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 219–246 in the print edition.

Part One: The Nature of Gratuitous Goods

Chapter 1 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 29–62 in the print edition.

The Conclusion to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 393–398 in the print edition.

Part Three: Gratuitous Goods and the State

Chapter 10 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 291–332 in the print edition.

Part Three: Gratuitous Goods and the State

Chapter 9 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 261–290 in the print edition.

Part One: The Nature of Gratuitous Goods

Chapter 4 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 117–136 in the print edition.

Part Two: Gratuitous Goods in a Free Economy

Chapter 5 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 137–178 in the print edition.

Part Two: Gratuitous Goods in a Free Economy

Chapter 6 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 179–218 in the print edition.