Biden’s Failure on Trade

Biden’s Failure on Trade

Biden campaigned for higher taxes and a bigger welfare state, so I haven’t been surprised by his misguided fiscal agenda. That being said, I was modestly hopeful that he would move trade policy in the right direction after four years...
Equality, Efficiency, and Trade

Equality, Efficiency, and Trade

When I was first learning about economics in the 1970s and 1980s, Arthur Okun’s equality-efficiency tradeoff was part of just about any discussion of public policy. Folks on the left acknowledged that their policies would lead to less prosperity, but they...
Lessons about Trump and Trade

Lessons about Trump and Trade

Like President Reagan, I believe in free trade rather than protectionism. So you won’t be surprised that I agree with the message in this video: To elaborate, one of the big lessons of the Trump era is that he undermined his good policies – such...
Hopes and Fears for 2021

Hopes and Fears for 2021

Yesterday was my review of the best and worst policy developments in 2020. Today, I’ll share my hopes and fears for 2021. These are not predictions (economists have a terrible track record when try to make forecasts). Instead, these are merely good and bad things that...