The case for more aggressive tariffs, exchange rates and monetary policy ...Middle East

During President Donald Trump’s first term, economists wrongly predicted disastrous inflation from increased tariffs. Instead, inflation averaged just 1.9 percent while real wages rose. While inflation has increased significantly in recent years — with the Consumer Price Index now up nearly 20 percent — this has been driven largely by the Covid pandemic, supply-chain shortages caused by the Ukraine war and the fact that the United States produces fewer goods than it should. As the presidential election approaches, opponents of tariffs are again warning of economic calamity if Trump’s proposals are implemented. A recent op-ed in The Hill by economist Nicholas Sargen is another example i

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The case for more aggressive tariffs, exchange rates and monetary policy ...Middle East

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