Dispelling lazy thinking on trade deals
Eureka Street |
23 March 2018
The recent furore about Donald Trump's imposing of tariffs on steel, from which Australian companies have been exempted, raises an interesting question about the economics discipline. Which is better, an oxymoron or a tautology?
The oxymoron in question is 'financial deregulation'. This is a logical impossibility, because finance consists of regulations, rules. To deregulate finance is like taking the hydrogen and oxygen out of water, or the narcissism out of Donald Trump.