โข
If borders become negotiable under tariff pressure, risks rise, investment falls, and fragile global norms further fracture.
If protectionist logic is correct, the past is guilty of unfair competition that harms workers in factories making automobiles, batteries, lightbulbs, and other goods that are increasingly imported from the past.
โChimericaโ is unraveling โ but its contradictions remain.
โข
What began as a promise to limit Washingtonโs power ended with politicians holding seats at corporate boardrooms.
โข
After a bizarre era of anti-theory, new data are nudging economists back toward free markets, beginning with an apology from econ blogger Noah Smith.
โข
Spending on imports is not included in GDP. But the impact of tariffs, which reduce imports, can be seen clearly in new GDP data.
โข
Relaxing regulations in just a few places is a kind of favoritism. Why not extend the benefits to the whole province?
โข
The emotional narrative of trade partners “laughing at us” is economically irrational, and acting on it only impoverishes us.
Installment plans work like credit cards, with a longer repayment period. Most consumers are choosing flexibility, not taking on new debt.
โข
As an erratic ‘first mover,’ Trump’s negotiation style destabilizes the nation. Game theory and public choice explain the global stakes of his individual recklessness.
โข
If borders become negotiable under tariff pressure, risks rise, investment falls, and fragile global norms further fracture.
If protectionist logic is correct, the past is guilty of unfair competition that harms workers in factories making automobiles, batteries, lightbulbs, and other goods that are increasingly imported from the past.
โChimericaโ is unraveling โ but its contradictions remain.
โข
What began as a promise to limit Washingtonโs power ended with politicians holding seats at corporate boardrooms.
โข
After a bizarre era of anti-theory, new data are nudging economists back toward free markets, beginning with an apology from econ blogger Noah Smith.
โข
Spending on imports is not included in GDP. But the impact of tariffs, which reduce imports, can be seen clearly in new GDP data.
โข
Relaxing regulations in just a few places is a kind of favoritism. Why not extend the benefits to the whole province?
โข
The emotional narrative of trade partners “laughing at us” is economically irrational, and acting on it only impoverishes us.
Installment plans work like credit cards, with a longer repayment period. Most consumers are choosing flexibility, not taking on new debt.
โข
As an erratic ‘first mover,’ Trump’s negotiation style destabilizes the nation. Game theory and public choice explain the global stakes of his individual recklessness.
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