In contemporary political discussion, a few things about the economy are usually taken for granted that are flat out wrong. In particular, the rise of economic nationalism - exemplified by the populist movements surrounding Donald Trump and Bernie Sanders...
In his opening remarks, Bernie called on Americans to “analyze the competing political and social forces” behind the current conditions in the United States. He called upon us to “stand up and fight against the forces of oligarchy and authoritarianism”
Tariffs harm domestic consumers by making products more expensive. They also harm domestic producers who utilize inputs from other countries in their production lines.
