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. Additional Resources “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
