- A good day to re-up this thread on why tariffs are a poor tax policy instrument. Also relevant today, this broad use of tariffs definitely exceeds the President's authority under IEEPA. Early indications suggest the court agrees.
- 🧵 (1/8) My new working paper with Maurice Obstfeld, “Tariffs as Fiscal Policy”, was just posted today @piie.com. Within, we evaluate the new role that tariffs are playing in the US economy. www.piie.com/publications...
