Ep60 “A Trade Deficit? More Like a Capital Surplus” with John Cochrane

Ep60 “A Trade Deficit? More Like a Capital Surplus” with John Cochrane

What exactly is a trade deficit? And why are so many policymakers fixated on it? Lately, the trade deficit in the U.S. is taking the bulk of the blame for the economic situation we’re in and it’s one of the reasons the Trump administration is pushing for sweeping tariffs. But tariffs are likely not the answer, and a trade deficit might be better referred to as a capital surplus.

As a continuation of the tariffs discussion in the last episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by John Cochrane, an economist at Stanford University and the Hoover Institution.

The conversation covers how trade deficits actually work, their implications on global and domestic economies, and how current trade policies may impact economic growth, inflation, and international relations.

Find All Else Equal on the web:
https://lauder.wharton.upenn.edu/allelse/

All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.


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Jaksot(95)

Ep14 “‘A Pound Of Flesh’ And Student Debt” with Sheila Bair

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Conventional wisdom tells us that we need regulators to ensure quality work in certain professions. But do consumers really benefit as much as they think from government regulation?In this episode of ...

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Ep12 "Corporations as Job Security Providers"

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Corporations are often characterized as evil entities that exploit workers. But in fact they enable firms to provide job security and thus serve the important role of minimizing risk for individual em...

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Ep11 "Is Bankruptcy the End?" with Jim Millstein

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Does filing for bankruptcy spell the end for a company? Or is there another way to look at corporate financial distress?In this episode of All Else Equal: Making better decisions, hosts and finance pr...

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Special Episode: What’s Wrong with Buybacks?

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Are buybacks bad for business? Should firms buy dividends instead, or just not make payouts?In this episode of All Else Equal: Making Better Decisions, hosts and finance professorsJonathan Berk and Ju...

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Ep9 "When is a Business Decision a Mistake?" with Hadley Mullin

Ep9 "When is a Business Decision a Mistake?" with Hadley Mullin

As leaders, how do we know when we've made a mistake? Is it as simple as evaluating whether the outcome was good or bad? In this episode of All Else Equal: Making better decisions, hosts and finance p...

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Ep8 "Why Capitalism Works" with John Cochrane

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Competitive markets don’t produce the same level of prosperity for everyone, but economist John Cochrane thinks they give us something more important — incentives.In this episode of All Else Equal: Ma...

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Ep7 "Can Investors Effect Social Change?"

Ep7 "Can Investors Effect Social Change?"

How can investors play a part in accomplishing social change? In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk explore what strategies are avail...

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