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.
Genius, Rejected: Emergent Ventures Versus the System
Quanta Magazine has a good piece on a 17-year-old student who disproved a long-standing conjecture in harmonic analysis: Yet a paper...
Design Your Own Rug!
For my wedding anniversary, I designed and had hand-woven in Afghanistan a rug for my microbiologist wife. The rug mixes...
The Rising Cost of Child and Pet Day Care
Everyone talks about the soaring cost of child care (e.g. here, here and here), but have you looked at the soaring cost of...
D’accord !
That is from the French embassy in the UK. The post D’accord ! appeared first on Marginal REVOLUTION. Source link...
