Our readingWhat is a korrent?
A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens.
Drawn from what Donald Trump said
What these subjects mean
fiscal policy The spending-and-taxing half of macro, as against the central-bank half: multipliers, stabilisers, stimulus.
tariffs Taxes on imports: whether they close a trade deficit, what they do to prices, and what they are really for.