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.
“President Trump promised that he would put America first and he has rightly determined that the Paris accord was not in the best interests of the United States. In addition to costing our economy trillions of dollars and millions of jobs, the accord also represented a willful and voluntary ceding[…]Read More »
Despite some of the serious needs in rural America, the debate on the House Agriculture Committee farm bill Wednesday will have no amendments on the direction of major programs and funding for agriculture or rural America. Read moreRead More »