Protectionism has met with plenty of criticism over the last several months, but the magnitude of the danger it poses is not yet fully appreciated. Much of the discussion surrounding the tariffs proposed by U.S. President Donald Trump has focused on their short-term consequences—stock market disruption, rising inflation, retaliation, and a potential recession. But as bad as these outcomes are, a worse possibility looms. Protectionism, if allowed to linger, could lead to a complete disfiguration

Tag-uri: Inflatie Donald Trump