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← The cure for the trade deficit is to tax consumption instead of saving…

17 connected korrents · 14 moments from 1 Jun 2022 to 20 Sept 2026. Nearly all of them are about tariffs.

Everything filed under fiscal policy fiscal policy Everything filed under America America Everything filed under inflation inflation Everything filed under public debt public debt Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: The cure for the trade deficit is to tax consumption instead of saving and investment, and to stop borrowing to fund consumption. The cure for the trade deficit is to taxconsumption instead of saving andinvestment, and to stop borrowing to fundconsumption. Last stated 2 years ago 14 Apr 2025 JC John H. Cochrane — holds since 2025-04-14 — tap for who they are Same subject: A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens. — tap to centre the map on it A country should raise revenue bytariffing foreign countries ratherthan by taxing its own citizens. Last stated 2 years ago 20 Jan 2025 DT Donald Trump — holds since 2025-01-20 — tap for who they are Same subject: A trade dispute escalated by aggressive tariffs can still end in a negotiated outcome that leaves all sides better off. — tap to centre the map on it A trade dispute escalated byaggressive tariffs can still end ina negotiated outcome that leaves allsides better off. Last stated a year ago 30 May 2025 GS Guy Spier — holds since 2025-05-30 — tap for who they are Same subject: America's large trade deficit in manufactured goods means fewer US manufacturing jobs than balanced trade would. — tap to centre the map on it America's large trade deficit inmanufactured goods means fewer USmanufacturing jobs than balancedtrade would. Last stated 2 months ago 7 Sept 2026 PK Paul Krugman — holds since 2026-09-07 — tap for who they are Same subject: Cutting off trade with tariffs would force a huge interest-rate spike and probably a debt crisis, because the budget deficit would have to be financed at home. — tap to centre the map on it Cutting off trade with tariffs wouldforce a huge interest-rate spike andprobably a debt crisis, because thebudget deficit would have to befinanced at home. Last stated 2 years ago 14 Apr 2025 JC John H. Cochrane — holds since 2025-04-14 — tap for who they are Same subject: Erratic U.S. tariff implementation is teaching allies and enemies that the U.S. is no longer a reliable trading partner. — tap to centre the map on it Erratic U.S. tariff implementationis teaching allies and enemies thatthe U.S. is no longer a reliabletrading partner. Last stated 8 months ago 9 Feb 2026 JC JL Collins — holds since 2026-02-09 — tap for who they are Same subject: Import prices have risen under Trump's tariffs, undercutting claims that foreigners would pay them. — tap to centre the map on it Import prices have risen underTrump's tariffs, undercutting claimsthat foreigners would pay them. Last stated a month ago 20 Sept 2026 PK Paul Krugman — holds since 2026-09-20 — tap for who they are Same subject: Persistent US trade deficits are the mirror image of trade partners' capital account surpluses caused by beggar-thy-neighbor industrial policy — tap to centre the map on it Persistent US trade deficits are themirror image of trade partners'capital account surpluses caused bybeggar-thy-neighbor industrialpolicy Last stated 2 years ago 7 Apr 2025 SH Samuel Hammond — holds since 2025-04-07 — tap for who they are Same subject: Rebuilding American manufacturing is a decades-long educational and cultural project, not something tariffs can do. — tap to centre the map on it Rebuilding American manufacturing isa decades-long educational andcultural project, not somethingtariffs can do. Last stated 10 months ago 25 Dec 2025 MH Molson Hart — holds since 2025-12-25 — tap for who they are Same subject: A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. — tap to centre the map on it A fiscal expansion when the economyis already at potential outputprompts monetary tightening thatdampens or eliminates its effect onoutput. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: A thriving society needs both the left's redistributing of resources and the right's producing and conserving of them — tap to centre the map on it A thriving society needs both theleft's redistributing of resourcesand the right's producing andconserving of them Last stated 3 years ago 11 May 2023 RB Roy Baumeister — holds since 2023-05-11 — tap for who they are Same subject: Automatic fiscal stabilizers give fiscal policy an advantage over monetary policy in stabilizing output because they act faster. — tap to centre the map on it Automatic fiscal stabilizers givefiscal policy an advantage overmonetary policy in stabilizingoutput because they act faster. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. — tap to centre the map on it During post-2008 fiscalconsolidation, the costs of highpublic debt were overestimated andfiscal multipliers wereunderestimated, understating theoutput costs of austerity. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: Government borrowing through the financial crisis and the pandemic was a good trade, because it repaired household balance sheets. — tap to centre the map on it Government borrowing through thefinancial crisis and the pandemicwas a good trade, because itrepaired household balance sheets. Last stated 2 months ago 28 Aug 2026 BC Ben Carlson — holds since 2026-08-28 — tap for who they are Same subject: Structural fiscal deficits have surpassed private sector lending and monetary policy as the primary driver of economic activity and inflation. — tap to centre the map on it Structural fiscal deficits havesurpassed private sector lending andmonetary policy as the primarydriver of economic activity andinflation. Last stated 2 years ago 8 Jan 2025 LA Lyn Alden — holds since 2025-01-08 — tap for who they are Same subject: The price level behaves as the aggregate of mostly backward-looking decisions rather than as an asset price, except during hyperinflation, so expected future primary balances barely affect it today. — tap to centre the map on it The price level behaves as theaggregate of mostly backward-lookingdecisions rather than as an assetprice, except during hyperinflation,so expected future primary balancesbarely affect it today. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. — tap to centre the map on it A company's staff-engineer barshould be set against the bestcompanies in the industry ratherthan against its own history, whichis what makes title inflation a realcost. Last stated 7 months ago 1 Apr 2026 TP Thuan Pham — holds since 2026-04-01 — tap for who they are Same subject: Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022. — tap to centre the map on it Cash welfare benefits contributed atleast somewhat to the inflation of2021-2022. Last stated 4 years ago 25 Jul 2022 NS Noah Smith — holds since 2022-07-25 — tap for who they are
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At the centre The cure for the trade deficit is to tax consumption instead of saving and investment, and to stop borrowing to fund consumption. Last stated 14 Apr 2025 · 2 years ago Holds John H. Cochrane Read this korrent →