Will Malignant Stupidity Kill the World Economy?
The Economist calls Trump’s latest tariffs «the most profound, harmful and unnecessary economic error in the modern era.» Paul Krugman argues that the actual tariffs aren’t even the worst part. «When the fate of the world economy is on the line, the malignant stupidity of the policy process is arguably as important as the policies themselves.»
From Weekly Filet #523, in April 2025.
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