Nate Silver has a typically balanced piece on Trump's tariff strategy: https://substack.com/home/post/p-160585197?source=queue (View Post)

Do remember, though, that if you want to build a factory, you will need the machines that make things: i.e. capital goods. If you want to start a factory, you need capital goods - you need the machin… (View Post)

You are right. This is worse. This takes tariffs to a higher level than after Smoot-Hawley, and from a lower previous level. So the shock to the system will likely be much greater. (View Post)

That is insane. (View Post)

A reminder of the Presidential election that followed Herbert Hoover's signing of the last big US tariff package: (View Post)