JPMorgan's Glassman: Most Recognize Benefits of Trade

The video discusses the ongoing debate about trade and globalization, highlighting the difference between opinions and facts in political discourse. It examines the impact of trade on wages, noting a significant change over the past decade. The discussion includes the benefits of globalization, the growth of US exports, and the challenges of trade protectionism. The video also touches on the role of Congress in addressing trade issues and the potential for globalization to improve living standards worldwide.

What did Daniel Patrick Moynihan famously say about political debates?

• Participants must agree on all points.

• Participants are entitled to their own opinions but not their own facts.

• Participants should avoid debates.

• Participants can have their own facts.

What is a key challenge in selling the case for free trade in America?

• The lack of job creation in other countries.

• The visible movement of jobs from the US to other countries.

• The decrease in US exports.

• The increase in trade protectionism.

How have US exports changed over the decades?

• They have decreased significantly.

• They have remained the same.

• They have grown several trillion dollars higher.

• They have only slightly increased.

What is the general stance of most congressmen on trade protectionism?

• They strongly support it.

• They have no interest in it.

• They are undecided.

• They are divided on the issue.

What is a potential benefit of helping impoverished countries improve their living standards?

• It will lead to more trade abuses.

• It will decrease globalization.

• It will improve global economic conditions.

• It will isolate the US economy.