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.
Monday assorted links
1. What people get wrong about women’s rights (Alice Evans, The Economist). 2. The case against liberal interventionism. 3. More...
Democracy continues
Here is a link. The post Democracy continues appeared first on Marginal REVOLUTION. Source link...
Greg Mankiw’s Blog: Economic Theory Summer Camp
About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University....
Saturday assorted links
1. Notes on Oman. 2. Colin McGinn on best philosopher ever. 3. Owner wants to give away Green Mountain Campus....
