Recall Principle 2 of Three Simple Principles of Trade Policy, Businesses are Consumers Too. Case in point, steel. Justin Wolfers summarizes an analysis of Trump’s 2018 steel tariffs:
Going back further we have a good analysis from Lydia Cox of the Bush steel tariffs. Even though the tariffs were temporary, they led to a rearrangement of supply chains which led to long-lasting declines in exports and employment in steel using industries.
The post Steel Tariffs in Two Pictures appeared first on Marginal REVOLUTION.
History of Econ Summer Camp
Graduate students with an interest in the history of economic thought should consider this summer program. Source link...
Fear of larger wars in East Africa
This is one of my major worries for 2026 and beyond. The ethnic and tribal conflict in Ethiopia is not...
The share of factor income paid to computers
Via Kevin Bryan. The post The share of factor income paid to computers appeared first on Marginal REVOLUTION. Source link...
The Tyranny of the Complainers
Some years ago, Dourado and Russell pointed out a stunning fact about airport noise complaints: A very large number come...
