Jason Hartman talks with Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what’s going on with the US trade war. Jeff has some ideas on how to close the gap between the US and the rest of the world, but Jason has some questions about whether they would cause inflation. They also look into America’s manufacturing sector and why we need to ramp it back up.
[1:15] Jeff’s thoughts on the current trade situation
[5:31] One of Jeff’s solutions for helping cure the trade imbalance is to reduce the value of the dollar
[9:25] How would devaluing the US economy impact our purchasing goods from other countries and how would it impact the economy at home?
[12:37] You have to have capital formation for a society to create wealth