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Monday, March 14, 2016

RE NYT THE ERA OF FREE TRADE MIGHT BE OVER

Jared Bernstein faux dream land (he is faking support for his whole title assertion, here).

See David Brooks: Mr more free trade, please.

The presidency on trade is a one trick pony.

Both Jared, and the NYT know this faux thesis is bull.

So why did they print it?

Because they know...

This is an especially egregious piece of Bernstein comparative advantage bull: 'Success in trade has much more to do with comparative advantage (who’s particularly productive making what goods), exchange rates and the quality of supply chains than with trade agreements.' 

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