- Trump's "chaotic, indiscriminate trade policies do little to expand critical, strategic investments in the US, and they are riddled with cronyism... There will be no upside to his mercantilism, because it embodies the strategy’s worst defects." - @drodrik.bsky.social ⤵️
- Many think Adam Smith killed and buried mercantilism, but mercantilist practices, along with Smithian ideas, have often been useful. Trump of course gets the mix all wrong. www.project-syndicate.org/commentary/t...