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As far as mainstream econ models go, trade is very well validated empirically. Enough so, that I think we should take this idea seriously.
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As far as mainstream econ models go, trade is very well validated empirically. Enough so, that I think we should take this idea seriously.
Interesting... I wasn't at all familiar with this theory. Thanks for bringing it to my attention.
Also, yes, the Reason-type, beltway economist "uh, idiot, don't you know consumer s pay the tariff??" Is so unbelievably tiresome.
Heard of tax incidence, you twat??