Driving Off a Cliff?
Donald Trump’s tariffs will make the U.S. auto industry less competitive and leave the industry out of step with the auto market's shift to EVs.
In my most recent blog post, about last night's event at the American Academy of Arts & Sciences, I said I'd wanted to ask James Poterba, the President of the National Bureau of Economic Research, a follow-up question, and that I'd let readers know if I heard back from him by email.
Well--I'm getting a somewhat better impression of him; he got right back to me. Here's my email and his response:
And his response:
So I have a good impression of him for getting back to me so quickly, but I still find it pretty astonishing and disturbing that the financial crisis and recession don't seem to have shaken his market fundamentalism one bit.
—CS