Happy to be Wrong About TPA

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President Obama Signing TPA, TAA

U.S. President Barack Obama signed into law on Monday legislation to speed trade bills through Congress. JONATHAN ERNST/REUTERS

As of today TPA and TAA are law.  President Obama signed the two bills this morning.  I have mixed feelings about this.  Like every economist worthy of the name I favor free trade.  But I also predicted that TPA would never make it to the Oval Office.  I was wrong, but in this case I’m happy to be wrong about TPA. Mea culpa.

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.