6 Myths About Glob­al­iza­tion, Trade, Jobs, and ‘Buy Amer­i­can’

Lead­ers of both par­ties agree: We must reduce glob­al­iza­tion.
“Chi­na is rip­ping us on trade,” says Don­ald Trump.
Our trade deficit is “an immoral­i­ty,” says Nan­cy Pelosi.
But it’s not.
In my new video, Scott Lin­ci­come of the Cato Insti­tute points out, “Sell­ing us stuff is hard­ly rip­ping us off.”
He’s right.
Our video debunks com­mon mis­un­der­stand­ings about trade.

Myth No. 1: Amer­i­ca is “los­ing.”
Peo­ple often say that because Amer­i­ca runs a trade deficit.
But trade doesn’t need to bal­ance. I have a trade deficit with my super­mar­ket. They get more of my mon­ey every year. So, what? I don’t “lose.” I get food with­out hav­ing to grow it myself.
That’s a win for me and the f …