What’s So Terrible About Trade Deficits Anyway?
Populist rhetoric and the hidden costs of economic illiteracy.
Robert Johnson
· 7 min read
A collection of 5 posts
Populist rhetoric and the hidden costs of economic illiteracy.
President Trump’s protectionist policies are erratic, ill-defined, and incoherent.
The Simon Abundance Index 2024 finds Earth’s resources 509% more plentiful than in 1980.
A pandemic-driven shortage of parts and labor has combined with a congested transport system to create an inflationary spike, with shipping rates doubling on some routes.
The modernizing elites of these groups then fought with the British during WWI and WWII, and demanded independence after the war, which they got.