You say ‘wall,’ we say, ‘hyperloop!’: Some thoughts on Trump’s infrastructure plan
Plus- The Art of the Trade Deal: Priorities for Policy
Deciphering the Fed’s reaction to Trump
We probably need somewhere between zero and $2 trillion in new and upgraded infrastructure. I have an open mind about this. That said, let me offer some natural skepticism about the sudden rush toward big-time infrastructure spending. First, here is a sober Martin Feldstein in the WSJ the other day:
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Then again, we could always build a hyperloop. Wall, no! Hyperloop, yes?
Περισσότερα εδώ:
You say ‘wall,’ we say, ‘hyperloop!’: Some thoughts on Trump’s infrastructure plan
The Art of the Trade Deal: Priorities for Policy
Key Points
- The language of the Trump campaign indicates possible major changes in American trade policy. These changes should not focus on eliminating or drastically reducing the trade deficit, as the evidence shows this is unlikely to create jobs.
- Our biggest trade relationship, with China, has multiple problems. Currency manipulation wins attention but may be an outdated concern. Right now, Chinese subsidies are blocking American exports and China is stealing intellectual property. The US should strongly consider retaliation in these areas.
- Both Americans who benefit from trade and US trade partners would be immensely reassured if the restrictions the Trump administration finds necessary are coupled with steps to encourage more trade. An example is seeking a free trade agreement with the United Kingdom.
Plus
Deciphering the Fed’s reaction to Trump
Πηγή: American Enterprise Institute
