In rushing to pass this protectionist agreement, Congress has further strengthened the executive in its ability to set trade policy, and left a great deal of uncertainty in its wake.
The economist Tyler Cowen reckons that policymakers should focus on living costs today rather than just wage levels to try to improve real wage growth. He’s right.
Market‐sharing managed trade arrangements are a bad way to approach trade agreements, but even putting that aside, there is still the question of whether they work.
