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.
Greg Mankiw’s Blog: A Crypto Fairy Tale
Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University. I use...
Summer Camp for Economic Theorists
About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University....
Greenland Next
Hat tip: Max The post Greenland Next appeared first on Marginal REVOLUTION. Source link...
The Licensing Racket
I review a very good new book on occupational licensing, The Licensing Racket by Rebecca Haw Allensworth in the WSJ....
