Retaliatory tariffs

[Great_Antibob]

Here it is. Search actually came through this time.

Principles of "Folk Economics"

IANA economist, but ISTM there are certain principles of “folk economics” that are so widely-believed that politicians have no choice but to pander to them. When I googled “folk economics” I see that there’s a Wikipedia page but it’s just a stub. Maybe there’s a better term for this? Anyway, in the meantime, I thought it would be interesting to try to list out some of the implicit economic premises many believe: [ol] [li]Obvious one to start: economics is zero sum. For one person / company …