Economists talking about the welfare consequences of tariffs may very well be missing the point. But the totality of current US policies doesn't make any sense as geopolitical rivalry with China, either. The only thing that does make sense is xenophobic import substitution, of both goods & people
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Branko Milanovic
Nothing (meaningful) to say
Mainstream economics’ inability to explain domestic inequality and competition between nations
branko2f7.substack.com/p/nothing-to...
Mainstream economics’ inability to explain domestic inequality and competition between nations
branko2f7.substack.com/p/nothing-to...
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I know it's all more complicated than that, in fact too complicated for me, which is why I'm asking experts whether I should waste time with either of them.