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.
Throughout his campaign and even now in office, President Trump has promised to support ethanol and biodiesel. During the Environmental Protection Agency hearing on the 2018 Renewable Fuel Standard on Tuesday, several testifying expressed uncertainty that the proposal upholds that promise. Read moreRead More »
Since our nation’s founding to the present day, farming has been a central part of American life and has fueled our economy. From the produce grown in California’s Central Valley, to the corn and soybeans cultivated in the Great Plains, to the cattle, dairy, and poultry farms and apple orchards[…]Read More »