The benefits of free trade have been a cornerstone of economic thought for decades. Recently, though, trade agreements have become the target of a populist backlash, with opposition to trade deals emerging as a key issue in the presidential race. At the same time, new research suggests that trade led to lower wages and higher unemployment for some Americans, particularly middle-class manufacturing workers. We asked Bloomberg View columnists Tyler Cowen and Noah Smith to meet online to debate the pros and cons of trade.
The story of John Duarte and 450 acres in Northern California is a complicated matter. The U.S. Army Corps of Engineers says it’s a tale of a clear violation of the Clean Water Act. Duarte, on the other hand, says the real story is about assumptions and overreach by the[…]Read More »
Traditional retailers are rapidly expanding their online grocery services, particularly curbside delivery services known as ‘click and collect’ to face their competition with Amazon. Read moreRead More »