Mises Wire
Author:
T. Norman Van Cott
Online Publish Date:
In discussions of international trade, the pervasive mind-set is that exports are a positive entry in a country’s “economic well-being” ledger, while imports are a negative entry in the ledger. In other words, exports are intrinsically “good” and imports intrinsically “bad.” Who hasn’t heard that imports “destroy” jobs while exports “create” jobs?