Don shares with Jim his thoughts on free trade and the trade deficit and what it really means.

Another FED Watch show with our regular guest during this hour, Elinor, and another member of our Brain Trust, Don. The discussion revolves around national and international economic issues, and of course, what the FED will do with regard to interest rates. Even though the FED action discussed is not news by the time you hear this Archive, the value of the general discussion Jim has as he interviews these two outstanding economists is timeless.

Don and his organization are proponents of free trade, and he and Jim talk about the Banana Wars and other assaults on free trade in the global marketplace by governments.

Don joins Jim to talk about the dangers of a government that imposes itself in the marketplace. Don defines a free market, and goes on to explain how that definition compares to what we have in the U.S. They also talk about minimum wage as the political football that it has become.