INCU Global Conference 2014 – Thomas J. Sargent – Keynote Address on the effects of opening borders

What part of exporting at uncompetitive prices do @NZFirst not understand?

Growing cars in Iowa

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Good to see strategic trade theory has been driven from the temple

Nice summary by Mankiw

What Donald Trump doesn’t understand about trade

31% of economists are still confused about the merits of tariffs

What undergrads and @stevenljoyce need to know about trade @GreenCatherine

Minister for everything Stephen Joyce wrote some nonsense in the paper today about how trade agreements and more exports will mean more jobs:

I would like to make the point that trade access is hugely important for a small country like New Zealand. 

Without fair and equal trade access we can’t sell as much of our goods and we get less for them. And that means fewer jobs.

This make-work bias is as bad as those who oppose trade agreements on the grounds of an anti-foreign bias. Trade affects the composition of employment, not the number of jobs. Paul Krugman spent a good part of the 1990s trying to explain that to the general public and public intellectuals.

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Source: What Do Undergrads Need To Know About Trade?.

@BernieSanders @realdonaldtrump want to reverse The Great Escape in developing countries

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Source: TRANSCRIPT: Bernie Sanders meets with News Editorial Board – NY Daily News.

Source: If you’re poor in another country, this is the scariest thing Bernie Sanders has said – Vox.

Source: If you’re poor in another country, this is the scariest thing Bernie Sanders has said – Vox.

 .

@realdonaldtrump is wrong in tariffs

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