youtu.be/6J7-Zvn_ECQ?...
youtu.be/6J7-Zvn_ECQ?...
So is the world worse off with trade intervention? Yes, of course it is, but trade intervention starts with the policies of economies with large, persistent trade surpluses. It doesn't start with the subsequent responses of the deficit economies.
So is the world worse off with trade intervention? Yes, of course it is, but trade intervention starts with the policies of economies with large, persistent trade surpluses. It doesn't start with the subsequent responses of the deficit economies.
Because most households face budget constraints, the unsubsidized portion of these purchases will require reducing consumption spending elsewhere. At best this will boost total consumption by 0.1 percentage points of GDP, which is not enough to make much of a difference.
Because most households face budget constraints, the unsubsidized portion of these purchases will require reducing consumption spending elsewhere. At best this will boost total consumption by 0.1 percentage points of GDP, which is not enough to make much of a difference.
This is only possible as activity shifts from the private sector, where hard budget constraints limit economically unproductive activity, to the public sector and sectors supported by local governments, where there is no such constraint.
This is only possible as activity shifts from the private sector, where hard budget constraints limit economically unproductive activity, to the public sector and sectors supported by local governments, where there is no such constraint.
I didn't mean to hit it, but I did. It yelped, shut up for exactly as long as it took to eat the mango.
Then it howled louder and more artistically, because I had taught it that howling brings mango.
I didn't mean to hit it, but I did. It yelped, shut up for exactly as long as it took to eat the mango.
Then it howled louder and more artistically, because I had taught it that howling brings mango.
We are just now getting footage of inside the National Assembly.
We are just now getting footage of inside the National Assembly.
🧵
I’m no substitute for Paul Krugman’s expertise, but I do have one horrible attribute in common him - an advanced degree in economics.
I could mansplain why these fantastical notions of Trump tariffs literally ARE NOT tariffs. I did that on X for a year. It did no good.
🧵
I’m no substitute for Paul Krugman’s expertise, but I do have one horrible attribute in common him - an advanced degree in economics.
I could mansplain why these fantastical notions of Trump tariffs literally ARE NOT tariffs. I did that on X for a year. It did no good.
NYT's @KeithBradsher writes: "Beijing has a powerful tool for responding to Donald Trump’s threatened new tariffs on Chinese goods: It could start a currency war, a step that poses formidable risks for China as well as the United States."
www.nytimes.com/2024/11/26/b...
NYT's @KeithBradsher writes: "Beijing has a powerful tool for responding to Donald Trump’s threatened new tariffs on Chinese goods: It could start a currency war, a step that poses formidable risks for China as well as the United States."
www.nytimes.com/2024/11/26/b...
He is wrong about this, and other claims about what he can do to eliminate regulations and cut spending. 🧵
donmoynihan.substack.com/p/fake-jobs-...
Either way, it’s a terrible idea for the government to fund but great if you’re a bitcoin HODLer.
Either way, it’s a terrible idea for the government to fund but great if you’re a bitcoin HODLer.