The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned.
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.
It Is Happening Every Day, Every Where
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.
Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.
Price increases when demand exceeds supply are textbook economics. The question is whether, and how much, the pandemic yielded an excess take.