Don Boudreaux is a Senior Fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. He joins today’s Federalist radio to dispel the myths about trade and how it’s impacted middle class living standards. They also discuss the economics of healthcare, manufacturing, and more.
“If it is the case that trade destroyed our manufacturing, then we would have seen a decline in our American manufacturing. We don’t see that,” he said. “We see a decline in manufacturing employment. That comes mostly from innovations, labor-saving technology.”
Bourdreaux contrasts Ronald Reagan’s intelligence on trade to Donald Trump’s approach on the issue. “That level of economic knowledge and clarity is completely the opposite of what Trump and his advisors have on matters of trade.”
You can follow more of Boudreaux’s writing at Cafe Hayek.