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"But it also represents a tacit admission that current trade policy has failed. The trade war of 2018 and 2019 did damage China, but not enough to elicit meaningful changes to its mercantilist industrial policy." wsj.com/articles/meet-…
"As a result, it’s no surprise to see the Trump administration toying with a more multilateral approach."
I look forward to watching the nationalists blame the libertarians for this failure (that the libertarians warned of) and embrace the administration's change in approach (that the libertarians initially recommended)
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Scott Lincicome
@scottlincicome
The same studies also note that it was market-oriented Chinese economic reforms - often in response to WTO/accession requirements (& Member demands) - that drove most of the China Shock. Other studies also show the US gained jobs in other sectors & saw big consumer/gdp/mfg gains
So is the WTO now Bad for encouraging all of those market-based reforms? Is it also Bad for providing a venue for the USA to successfully litigate disputes against China (and for China to often comply)?
Or is the WTO now Bad bc the USA & other members didn't bring more cases or pursue compliance proceedings? Is it the WTO Bad bc the US abandoned the multilateral system (and the TPP) and pursued a foolish unilateral approach? (see today's WSJ: )
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Scott Lincicome
@scottlincicome
Since it appears a lot of newbies might start telecommuting soon, here's a quick thread on some best practices from someone who's done it (relatively) successfully for a decade: /1
1) Dedicate a space, ideally with a door, for WORK: if you don't have a home office or extra BR, set up a table/desk w a good chair & ample light *as far away from bed/couch/etc as possible* (more on this in a sec). /2
2) Treat every day like a normal workday (absent your horrible commute): get up/workout/etc at the usual times; shower & dress for the day (no PJs); eat breakfast/lunch away from your "office"; keep regular business hours; etc etc. This is WORK & routine is key. /3
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Scott Lincicome
@scottlincicome
"Under the Sanders plan, the federal government would provide that $1.5 trillion to states, who in turn would create and maintain their own networks of child care centers that meet federal standards on adult-to-child ratios and other quality measures." m.huffpost.com/us/entry/us_5e…
#NationalizeAllTheThings
But hey I'm sure the church Pre-Ks (which are cheap, lightly regulated, and great) will, like, totally survive this.
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