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: Thank you, AEA
About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University....
The Public Choice Outreach Conference!
The annual Public Choice Outreach Conference is a crash course in public choice. The conference is designed for undergraduates and...
Marginal Garfield
Marginal Garfield generates an original Garfield cartoon every day based on posts from Marginal Revolution! Here is the first strip....
Physician Incomes and the Extreme Shortage of High IQ Workers
Physician incomes are extraordinarily high in the United States. A new NBER paper finds that U.S. physicians earn roughly two...
