Ep. 317: George Selgin on Trump Tariffs, Fed Independence and Dollar Vulnerability
Macro Hive Conversations With Bilal Hafeez
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Tariffs, Trade, and Historical Parallels
This chapter analyzes the similarities between the Smoot-Hawley tariffs of the past and current tariff strategies under the Trump administration. It delves into the complexities of trade deficits, the misconceptions regarding trade dynamics, and the potential negative consequences of protectionist policies. The discussion highlights the historical context of tariffs, urging a reconsideration of their effectiveness in fostering economic growth and stability.
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