Gold Exports, Natural Resource Depletion, and GDP

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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