2 ms·
> Most of the comments say that this is unreasonable or that it makes little economic sense. But let's take the case of tariffs. An heterodox economist will tel
by iopq 10y ago
> Most of the comments say that this is unreasonable or that it makes little economic sense. But let's take the case of tariffs. An heterodox economist will tell you that every country should eliminate all their tariffs, because it is "pareto optimal" (you are not making anyone worse-off). Well, now we know that that is not true. The rust-belt is a clear example of this.
People in the rust belt sure enjoy their cheap imports. Just because SOME people lost their jobs, doesn't mean the office worker who still has her job doesn't benefit.