We Lost the Trade War

paulkrugman.substack.com

31 pointsrbanffy3 comments

Make it tradition. Every 95 years, America can enact and repeal sweeping tariffs. In 2120, we should kick things off with a parade featuring a giant inflatable rake https://time.com/archive/6745084/the-tariff-voices-for-veto/

Isn’t that the guy that said inflation is not on the table till like 2023? Why would anyone believe?

Reminds me of Nassim Taleb saying “ Being an economist is the least ethical profession, closer to charlatanism than any science”.

Because it seems like maybe they did? They’re doing fine without us (their foreign exports are holding strong), we alienated our allies, they stopped buying soy beans from us entirely. Just turned off the tap. American farmers are hurting, not just here but from loss of foreign exports everywhere. Canada stopped buying our liquor. Let’s not even talk about Europe. Prices are up while the job market stagnates.

If this is winning I shudder to think what you think losing looks like.

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