Hoover Institution fellow Russ Roberts talks about why so many people don't trust capitalism anymore.

AUDIO ONLY

Building an Alliance of Democracies.

When the value of a country’s imports exceeds its exports, a trade deficit results. Sales of Philippine-made goods abroad dropped for the fifth consecutive month while imports rose for the 10th straight month in May, resulting in a wider trade deficit of $3.7 billion, the government reported last Tuesday.

American workers have always been industrious, leading to long-term growth and prosperity. The American spirit is one of self-reliance and individual drive to improve our financial situation, and it hasn’t wavered much even after centuries of increasing our standard of living. Long-term investments in education and a willingness to move for economic opportunities helped America succeed.