Trump Is Right About Trade Imbalances. Does He Know How to Fix Them?
In early September 1941, John Maynard Keynes, the British economist, retreated to his country house to try to think. The U.K. was at war with Germany, and bombs were falling on London with devastating monotony. But Keynes was trying to think about peace, not war. Hitler had already come up with a plan for how he would restructure the world economy under the Third Reich, raising the question: What would the Allies do if they won?
The short answer was: No one really knew. There was no plan. But there were urgent reasons to come up with one. The conventional wisdom was that the economic mess following World War I had helped to bring about World War II. So how would the Allies keep history from repeating itself?
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Posts falsely claim low-cost carriers to introduce standing seats in 2026
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an hour ago
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an hour ago
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