Who Are You and What Have You Done With Paul Krugman II
Robert Waldmann
Paul Krugman thinks that a US politician is excessively opposed to tariffs.
End of days near.
I think the president has this wrong:
President Obama on Sunday praised the energy bill passed by the House late last week as an “extraordinary first step,” but he spoke out against a provision that would impose trade penalties on countries that do not accept limits on global warming pollution.
[snip]
The truth is that there’s perfectly sound economics behind border adjustments related to cap-and-trade.
Krugman goes on to make a perfectly convincing case (click the link) but would the Krugman of 1992 have discussed this in public with protectionist politicians listening ?