Trump Tariffs and Stagflation: Why TACO is the Least Bad Option
The first obvious step right now for fighting stagflation is for Trump to dump his tariff policies.
A piece in last Tuesday’s Wall Street Journal reiterates the point Roger Bybee made in our May/June issue (“Corporate America’s Counter-Stimulus Strategy”): Companies are shuttering profitable plants and putting workers out on the street despite viable buy-out offers in order to raise the price of a product they are still producing elsewhere by reducing capacity.
Read the whole piece here.