Method in Trump’s madness? What economic theory teaches us about tariffs
Trump’s tariffs have sent the world into a frenzy but there could be method yet. Economic theory shows that tariffs can in some cases reduce prices, writes Paul Ormerod The reactions to President Trump’s tariffs have been frenzied, to say the least. The headline on many of the stories about them might well have read “The […]
Reeves’ black hole alarmism is creating something scarier: A real one
Reeves’ fearmongering has scared Brits into saving. The consequences will be more frightening than Reeves’ ‘black hole’, writes Paul Ormerod A very bad piece of news for the Chancellor, Rachel Reeves, slipped out last week with relatively little comment. The personal savings ratio – the proportion of incomes, net of borrowing, which individuals save – rose […]
