Wednesday August 12, 2020

Stephen Kinsella on Trade Wars

Tariffs are idiotic. Almost everyone loses. Trump’s dismal economics will hurt everyone but US steel manufacturers and himself, and see friends of the US coming cap in hand to Washington for exemptions

11th March, 2018
3

Robert Solow, Nobel laureate in economics, has the best words. The. Best. Words. For Solow, economics was the over educated in search of the unquantifiable. Bang on.

He once asked: “Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?”

He wasn’t talking about Donald Trump, but he may as well have been. Abysmal ignorance is Trump’s resting stance.

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