Our readingWhat is a korrent?
Drawn from what Emmanuel Macron said
Mental modelTrade-offs
On the topicDo tariffs do what they are imposed to do?under our view: Protection costs something, and it is counted in the wrong column
We cannot sustain the most stringent environmental and social norms, invest less than our competitors, have a more naive trade policy than them and think that we will continue to generate jobs. This no longer holds together.
Added to korrents 29 Aug 2026 · How quotes work · Something wrong? Tell us
Do you hold this korrent?Do you also believe this?
I hold this tooCannot both be true
Cochrane says the right answer is unilateral free trade and that the rest is explaining why the objections fail. Macron says Europe cannot run a more naive trade policy than its competitors and still expect to create jobs, which is the objection stated as a policy. One of them is describing the other as naive.
In tension with
Macron, from inside, warns that Europe cannot keep the strictest rules, invest less and trade more naively than its competitors and still create jobs. Krugman, visiting, says the underperformance story is largely a misperception. The Draghi report Krugman calls misleading is the document Macron is echoing.
In tension with
Macron says Europe cannot run a more naive trade policy than its competitors and still expect to create jobs. Ritchie says tariffs on Chinese clean energy cut the total number of clean-energy jobs, because most of them are in deployment rather than manufacturing and higher prices slow the rollout. Both are counting jobs, and they count them in opposite directions.
Shared subject first, then similar wording. They may agree or disagree.