From an interview with Warren Buffett and Bill Gates in the Oct. 31 issue of Fortune: GATES: “I believe in the basic principle that trade is a supergood thing. I’m very worried that the reaction to this imbalance [the trade deficit] is to put on trade restrictions to bring imports down, which would lead other nations to do similar things. I think the greatest danger is something that would slow down the benefits that the free trade system has brought.” “It’s too bad that economics isn’t taught or a hobby for lots of people, because you do run into those … Continue reading Gates and Buffet Defend Free Trade