Economic Illiteracy and the Chattering Class
VDH got out over his skis on the Megyn Kelly show July 29. VDH is talking about Fed Chair Powell’s refusal to lower interest rates. Continue Reading →
Tag Archives: trade
Some Bad News on Trade Negotiations
This morning I was listening to Morning Wire. A statement from White Hours press Secretary Karoline Leavitt included this tidbit. Continue Reading →
Dumb Question About Trade
I have a dumb question about trade. Pres. Trump is negotiating trade deals with various countries. What about those VATs? Continue Reading →
Trump Tariffs and Inflation
Omar Barbiero and Hillary Stein, economists at the Federal Reserve Bank of Boston, had already calculated the impact of tariffs on inflation. Continue Reading →
Merry Belated Economist Christmas
Santa is running a trade surplus vis-a-vis the US. We must take action immediately to correct this horrendous trade deficit. Continue Reading →
Throwing the Baby Out With the Bathwater: Keep the WTO
Should the U.S. pull out of the WTO or even shut down the entire enterprise? No. This would be throwing the baby out with the bathwater. Keep the WTO! Continue Reading →
Josh Jordan on Tariffs
Josh Jordan is @NumbersMuncher on Twitter. He recently wrote a thread about how the tariffs are impacting his business. Read it carefully and take notes. This is kind of important. Continue Reading →
Navarro Debunked
Over the last few months, Peter Navarro has been released from his cave and is once again promoting Neanderthal economics in print and on the airwaves. Continue Reading →
Ricardo’s Difficult Idea
Paul Krugman used to be a terrific economist. One of his lesser-known essays is about David Ricardo and comparative advantage. The essay is still available on the MIT website. I’ve included a pdf version below. This article is about Ricardo’s difficult idea — comparative advantage. Continue Reading →