Hotelling, Extraction Rates, and Time Preference

Bob responds to James Rickards’ recent tweet on record U.S. gold exports driving an improved trade balance, walking through the official data on non-monetary gold, Trump-era tariff uncertainty, and the broader question of what chronic trade deficits really mean in a post-gold-standard world. 

Related:

• The Charts Used in this Episode: Mises.org/HAP535a
• Bob's Recent Talk on Trade Deficits: Mises.org/HAP535b
• Bob's Econlib Article on Oil Prices: Mises.org/HAP535c

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