Source: Paul Krugman
by Paul Krugman
“Long ago the economist Joan Robinson arguably pre-butted Trump’s argument for protectionism because, he claims, other nations are treating us unfairly: ‘The popular view that free trade is all very well so long as all nations are free-traders, but that when other nations erect tariffs we must erect tariffs too, is countered by the argument that it would be just as sensible to drop rocks into our harbours because other nations have rocky coasts.’ But it’s even worse when a president mines our harbors based on the false claim that other nations have rocky coasts — and the media declare that he’s winning.” [editor’s note: I’m so used to Krugman being wrong that it’s always an invigorating experience to notice he’s being right – TLK] (07/31/25)
https://paulkrugman.substack.com/p/the-media-cant-handle-the-absence