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Vor 16 Stunden · China exports far more than its population can afford to import. And so while most economists support free trade under comparative advantage because this maximises the value of goods and services ...
Vor 4 Tagen · Steven Rattner, a journalist turned Wall Street major player, writing in a New York Times op-ed, contends: “America’s new protectionist stance will raise prices, limit consumer choices and risk our growth.” But the increase in prices on Chinese exports is an issue only if you take a short-run economic snapshot. For the long run, Biden’s ...
Vor 16 Stunden · As Rattner writes: Every student in an introductory economics course learns about David Ricardo’s 200-year-old theory of comparative advantage: the idea that by specialising in the products that they can produce most efficiently and then trading with others, nations can be better off.. . . Tariffs can be used to temporarily shelter nascent ...
Vor 16 Stunden · The financier and former “auto czar” Steven Rattner says that to simply maintain our economic and population growth of the past two decades, the United States would have to accept some 4 million legal immigrants a year, up from roughly 1 million in recent years.
Vor 5 Tagen · More than half of Americans believe that the economy is in a recession even though it is not, a new Harris/Guardian poll shows. Morning Joe economic analyst Steve Rattner discusses. May 23, 2024
Vor 5 Tagen · The U.S. tariffs on Chinese electric vehicles and other products are mainly aimed at pleasing voters rather than economic considerations, wrote Steven Rattner, who served as counselor to the U.S. treasury secretary in the Obama administration.
Vor 4 Tagen · The U.S. tariffs on Chinese electric vehicles and other products are mainly aimed at pleasing voters rather than economic considerations, wrote Steven Rattner, who served as counselor to the U.S. treasury secretary in the Obama administration.
