Carl Close | Thursday June 14, 2018 at 9:00 AM PDT
Whatever his latest rhetoric, Trump has helped show that—just as economists feared—the idiocy of trade protectionism is contagious.
Whatever his latest rhetoric, Trump has helped show that—just as economists feared—the idiocy of trade protectionism is contagious.
Sometimes fiction offers better lessons in political economy than reality.
In discussing the economy and especially economic policy, mainstream economists have been in love with optimality for a century or so.