Category Archives: Globalization

Inflation Data Shows Tariffs Are Not a Tax on Consumers but on Foreign & US Corporations

Yves here. It has been reported in venues like the Financial Times that importers who would face increased costs from tariffs on China were taking steps so as not to increase prices to customers, which includes making their suppliers give better prices and eating some costs too. With profit share at a record high level […]

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Nobel Economist Angus Deaton: Inequality is Destroying Democratic Capitalism

Angus Deaton argues that the present level of inequality is a threat to “democratic capitalism” but contends that historically, even more severe inequality has been reversed.

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