BBI #151: Deficit Myth — 5 "Winning" at Trade

This week, we discuss Chapter 5 of Stephanie Kelton's book "The Deficit Myth" entitled "'Winning' at Trade." What does it mean to have a trade deficit? Does international trade have to be a game with winners and losers, or can we set it up so that everybody wins? MMT is concerned with how trade affects labor and employment. If we stop caring about "full employment," does trade become easier to reason about and manage?

https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy/dp/1541736192/

Previous related Boston Basic Income topics have included:

BBI #33: Basic Income vs Job Guarantee
https://youtu.be/3h0XqCPtQks

BBI #44: International Trade
https://youtu.be/89sBKvrHkUE

BBI #103: Dutch Disease
https://youtu.be/Cybw6WjGAFw

By default, audience cameras and microphones will remain disabled. To ask a question, type it in the Zoom chat.

If you'd like to ask your question aloud, also click the "Raise Hand" button on the "Participants" tab. The hosts will unmute you when it's your turn.

The discussion will be streamed live at this URL:
https://www.youtube.com/bostonbasicincome/live

It will also be available in podcast form in the following days:
https://anchor.fm/bostonbasicincome

Photo by CHUTTERSNAP on Unsplash
(https://unsplash.com/photos/kyCNGGKCvyw)