Chief Economist, Coalition for a Prosperous America, Economist, former tech industry exec., former NYC taxi driver, keen road cyclist. Opinions are my own.
Watch my comments here on Trump's tariffs in Washington Journal with C-Span's Greta Brawner and Mike Negron of the Center for American Progress.
https://t.co/PGU9hVoSij
@GitaGopinath Dollar's role as reserve+investment+trading currency is a primary cause of 50 yrs of US BOP deficits and deindustrialization. 2ndary cause is other govts exploiting that with export-led growth. 3rd cause is US govt's failure to address the problem w/constraints on both deficits.
Though the U.S.-China tariff war has temporarily de-escalated, U.S. tariffs on Chinese imports remain in place. Listen as economists @AllisonSchrager and @Menloferry debate "Are Tariffs Good for the Economy?" Schrager questions executive control over tariffs, while Ferry argues tariffs have historically driven growth. Recorded in partnership with @business.
@Brad_Setser China's large ($1T) & growing surpluses make it an unacceptable citizen of the world economy. Since currencies don't deliver balanced trade, other actions r necessary. Any other action is better than the solution we saw in 1914, war.
CPA chief economist emeritus @menloferry is back to school, recently speaking to students at the University of Florida’s new Semiconductor Institute (@uf_fsi_) in Gainesville.
“@UF is building a tech manufacturing sector...I think it's a great strategy.”
https://t.co/7G2FjXfF1S
Economists suffer from "tariff derangement syndrome." Imaginary consumer price increases are just one of many things economists are getting wrong about tariffs. More in my latest blog post.
Shocking story of how Chinese agent tried to recruit a Stanford undergrad. US universities, esp those doing leading-edge STEM work, like @Stanford, @MIT and @Harvard must block all Chinese students. This is unacceptable state-sponsored espionage.
https://t.co/Tj1ke9f4Jd
@Noahpinion@michaelxpettis is 100% correct that productivity growth OVER TIME is much more important than consumer welfare or cheap imports at any single moment. The US grows 2%/yr by borrowing 3% of GDP every year from foreigners. That is unsustainable.