Source: Washington Post
by Phil Gramm and Donald J Boudreaux
“President Donald Trump regularly claims to have achieved unprecedented prosperity in his second term, which he attributes to his implementation of the highest tariffs since the Great Depression. But no matter what data points the president points to, his tariff policies appear to be holding back the very prosperity he claims to have achieved. How can one know this? Test the president’s claim with a comparison that’s as close as you get in the real world to a controlled experiment: Evaluate economic growth in the first year of his first term — which did not see the implementation of tariffs — against the same data in the first year of his second term, which did. This comparison works because all other economic policies in the two terms are virtually identical.” (02/09/26)