Wednesday, September 16, 2009

What do economists think?

Greg Mankiw posts a link to "what economists believe". Take a look and see if you agree!

Mankiw also mentions the recent tire tariffs imposed by President Obama on Chinese tires. Most economists think tariffs are a very bad idea (me included). It does make you wonder though why new Presidents are so quick to levy tariffs. For example, GWB did a similar thing in 2002.