Elsewhere

It was Paul Krugman who said that productivity isn’t everything, but in the long run it’s pretty much everything. Yes, we all know, he’s a very irritating parti pris columnist at the New York Times. He’s also a Nobel Laureate economist whose expertise is trade. On this point he’s right.

Tariffs are a bad idea because they negate the very function of trade itself, protecting us from the competition that makes us richer.

4 comments on “Elsewhere

  1. ‘Tariffs are a bad idea because they negate the very function of trade itself, protecting us from the competition that makes us richer.’

    They also protect us from government interference in trade.

  2. It’s only the counterfeit Nobel he won, you know.

    The Swedish Central Bank Prize for Economists Because They Suffer Badly from Physics Envy: that one.

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