@BaldingsWorld Actually: no. The outcome of a successful WTO dispute requires the loser to bring their laws/policie..twitter.com/i/web/status/1…il
Hooray! As it was in 1958, for pencils anyway (fee.org/resources/i-pe…). twitter.com/iowahawkblog/s…
Do trade-wars lead to real wars? “The natural effect of trade is to bring about peace” (Montesquieu, De l’esprit de..twitter.com/i/web/status/1…Tr
“Goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which..twitter.com/i/web/status/1…rZ
Norway’s sovereign wealth fund has a conventional “balanced” asset allocation in equities, fixed-income & property..twitter.com/i/web/status/1…g8
Pressed on threats to ‘globalization’, the CEO of Norway’s sovereign wealth fund speculates there might be 2 mega-r..twitter.com/i/web/status/1…p2
@insteconomics “…and pay more tax.”
On the US Senate Judiciary Committee hearings almost 30 years ago (via @MargRev):: nytimes.com/1991/10/20/opi…
@EPatersonMorgan Ha! Well spotted, but no, alas. STC went along with Southey’s mad enthusiasm (as you know), finall..twitter.com/i/web/status/1…S3
byron_society From a man with a periodic penchant for potatoes and vinegar washed down with draughts of soda water and green tea…twitter.com/i/web/status/1…Kj
Of course we can expect pieties from the these Ministers about “WTO reform” (Hah!). They also want us to take serio..twitter.com/i/web/status/1…cg
CatoTrade While the administration shows no signs of backing down, there are two possible events that could lead to some reco..twitter.com/i/web/status/1…zK
WTO Member govts reached just one (mushy) agreement in 25 years of negotiations, reducing the Organization to a boo..twitter.com/i/web/status/1…25
… ‘grand mutual gains’? Dunno… but why not?
The CHN “White Paper” on the trade conflict with USA puts up a plausible defence on IP, lands a few punches, and ma..twitter.com/i/web/status/1…XK
Perhaps one reason governments abuse foreign trade: no skin in the game. US ITC estimates imply government imports..twitter.com/i/web/status/1…QB
snlester The new KORUS is just the old KORUS with minor tweaks: cato.org/blog/prelimina… twitter.com/jendeben/statu…
greg_ip Solar power externalities: 2/3 of rise in residential electric bills for 3 California utilities due to increase in..twitter.com/i/web/status/1…wH
James B Reston (NY TImes 27 Jan, 1946) reporting the first meeting of the UN in London: “To the League of Nations c..twitter.com/i/web/status/1…zK
@chip_roh Democracy means, of course, getting what we vote for and getting it “good and hard” as Mencken said ;-)
Pres Trump thinks trade is about bargaining for dollars; that’s his policy. He hardly knows how foreign trade & cap..twitter.com/i/web/status/1…sx
USTR Lighthizer has foreign-policy, not trade, goals: to force vaguely specified changes in CHN economic policies &..twitter.com/i/web/status/1…MP
The 15 years CHN needed to negotiate WTO accession and 15 years it took to implement the Protocol saw dramatic chan..twitter.com/i/web/status/1…80
How can USTR Lighthizer believe a “trade war” will change CHN, or USA for that matter? In the 1980s he watched from..twitter.com/i/web/status/1…Bj
Trade measures have power to cause harm at home, but trade agreements are puny levers on the world. Cordell Hull’s..twitter.com/i/web/status/1…aJ
The progressive internationalism (“prosperity is indivisible”) of the UN, Bretton Woods & GATT agreements did not e..twitter.com/i/web/status/1…fv
JFK’s moon-shot “Grand Design” (1962) for trans-Atlantic economic “interdependence” (his term) & for integrating em..twitter.com/i/web/status/1…uk
The World Bank estimated (2005 Global Economic Prospects) ~ 65% of developing ctry. liberalization in previous 20 y..twitter.com/i/web/status/1…cc
The Trump-Lighthizer attack on CHN is based on (mostly?) wrong facts; it prejudicially misreads an historic opportu..twitter.com/i/web/status/1…YD
“O dura Ilia Messorum!” “Oh
“Ye rigid Guts of reapers!” – I translate
For the great benefit of those who know
Whtwitter.com/i/web/status/1…Xz8D
The combative rhetoric of US cabinet officials on CHN and of the President on trade in general is disturbing but no..twitter.com/i/web/status/1…qv
Excellent portrait. I wd. say Mr Lighthizer’s policies are more reminiscent of Malcolm Baldridge (lead photo) than..twitter.com/i/web/status/1…oQ
The Trump tariff regime becomes a form of import licensing. Historical experience is that “lIcenses” — e.g. to imp.twitter.com/i/web/status/1…YrL
Thos. Hardy lending his support to a proposed Westminster Abbey memorial for Byron (the Abbey denied the “Wicked Lo..twitter.com/i/web/status/1…FM
DanielJHannan Here it is, the perfect British-American trade treaty. I hope it will become the basis of a broader trade nexus amo..twitter.com/i/web/status/1…Lx
insteconomics Funny how some commentators view the economy as just an extension of Canberra and the political system, as though..twitter.com/i/web/status/1…jQ
spikedonline After years of scaremongering about the Irish border, the EU now admits there is a technical fix. It is scandalous..twitter.com/i/web/status/1…OE
davidcollinslaw The Ideal U.S.-U.K. Free Trade Agreement: A Free Trader’s Perspective cato.org/publications/w… via @CatoInstitute
Wordsworthians #OTD 1818 Byron finishes the first canto of Don Juan. The poem will be condemned for its ‘immoral content’ pic.twitter.com/rivFMtJoIZ
The tiny corner bedroom with a fireplace, a sleigh-bed and two bright windows overlooking the Spanish Steps, where..twitter.com/i/web/status/1…01
Portraits in the Keats-Shelley Museum in Rome: (1) Westall’s unflattering 1813 portrait of a harried Byron; (2) B’s..twitter.com/i/web/status/1…Dl
Seems it has taken a while for @tylercowen to start worrying that the Trump war-on-trade might matter to the USA ec..twitter.com/i/web/status/1…S9
JPTrachtman In case anyone still cares, the US tariffs on China, and China’s retaliation, are both clear violations of WTO law…twitter.com/i/web/status/1…wu
Jim Manzi (2010) on the causal density of social science; how it undermines both regression-based & random-experime..twitter.com/i/web/status/1…MH
“A Twist in the Tale”::wsj.com/articles/a-twi…
Still, the most important issue for the US & CHN economies in any Mnuchin-Liu talks is the counterpart of the trade..twitter.com/i/web/status/1…O3
Were there to be negotiations, I assume CHN would offer VERs. Contrary to Art XIX, of course, but probably their be..twitter.com/i/web/status/1…8v
CatoTrade The U.S. Trade Beef with China. buff.ly/2Mr5sx2 pic.twitter.com/QgAjqIg0gG
@FastMail Endorse your criticisms of this objectionable, unnecessary bill.
Tariffs are destructive probes into a vast, obscure, but highly-articulated engine (oll.libertyfund.org/titles/read-i-…). They..twitter.com/i/web/status/1…22
@NewsteadByron Still, would Polly-Dolly’s name be remembered today had B. not employed and fired him?
NewsteadByron As John Polidori was born 223 years ago yesterday, we obviously need to mention Byron’s critique of his drama:
‘Dea..twitter.com/i/web/status/1…XM
Hmm…An instance o@ATabarrokok pedagogy? Surprising! Still, could be the best way to explain Macrotwitter.com/ATabarrok/stat…h8
insteconomics “I never had that conversation with him.” pic.twitter.com/OYk1r43gFX
It’s misleading to call the Trump tariffs a “conflict between the world’s two biggest economies” (..twitter.com/i/web/status/1…pV
How is it that Italy where, arguably, bathrooms were invented has not managed to make a sink-plug that actually works?
It’s an astonishing piece of treacherous self-serving. ‘Political’ staffers are the same the world over, I guess. A..twitter.com/i/web/status/1…G5
@D_A_Irwin Oops… Baldridge/Regan…
@D_A_Irwin Indeed. RIP Mike Finger: canny, contrarian, a critic of the Baldwin/Regan 1980s ‘trade war’, disciple of..twitter.com/i/web/status/1…2Y
Notionally to secure the assets of big tech companies who went into CHN with their eyes wide-open, Mr Trump blindsi..twitter.com/i/web/status/1…BV
The smaller cities of Emilia Romagna (Modena, Parma, Ferrara, Ravenna) have survived two thousand years of turmoil..twitter.com/i/web/status/1…iU
The never-ending cocktail party of the Immortals: “Life devoid of categorical desires, Williams claimed, would devo..twitter.com/i/web/status/1…zp
USSC .@insteconomics argues the ‘no’ case in the latest in our Debate Papers Series on whether the global trading system..twitter.com/i/web/status/1…gX
The rate of human genetic mutation: “[D]ozens of humans harbor a mutation in [each of ~3bn base pairs of the genome..twitter.com/i/web/status/1…pL
insteconomics ‘Five Eyes’ Nations Quietly Demand Government Access to Encrypted Data nytimes.com/2018/09/04/us/…
alanbeattie 2/ He’s used trade policy to try to force domestic reform (ag and services) in a textbook way; he’s tried to round..twitter.com/i/web/status/1…YO
USSC Will the global trading system survive Trump’s tariffs? ITS Global’s Alan Oxley and @insteconomics go head-to-head..twitter.com/i/web/status/1…yb
Apparent consumption (incl. waste) of alcohol in AU down to levels not seen since 1962. A new sobriety? Decline in..twitter.com/i/web/status/1…Cc
How to make a quick “back of envelope” estimate (from book.bionumbers.org/how-to-make-ba…). The geometric mean is like an arith..twitter.com/i/web/status/1…wJ
@snlester It’s a risk. But “just say no” is a tough call. Wd. be interesting to know how procedures for adding a pr..twitter.com/i/web/status/1…YU
@SamKSS An “FTA” with the EU will cost us ~ nothing on the trade/investment side (altho maybe some IP concessions)..twitter.com/i/web/status/1…El
“Cell Biology by the Numbers” (Milo, Phillips) with beautiful illustrations (Orme). Well written, accessible, detai..twitter.com/i/web/status/1…Of
@samirvarma Yes, you’re right: too harsh. Cracks in the edifice would be welcome. Still, I’m attracted to the argum..twitter.com/i/web/status/1…cH
We all hope that there’s something just over the horizon that will replace the arbitrary, creaky “standard model”…twitter.com/i/web/status/1…OL
GregoryDowling1 @MadBadDangerous Not only being restored - next year it is scheduled to open as the Museo Lord Byron (with one half..twitter.com/i/web/status/1…UX
Summer’s end, but the monuments of Italy still hide from tourists under their un-seasonal scaffolding. Here, Ravenn..twitter.com/i/web/status/1…Ot
Die-hard CAN dairy protectionists often claim (wsj.com/articles/why-m…) they’d be “wiped out” by trade liberalizati..twitter.com/i/web/status/1…1Q
@snlester No: DFAT say only that it’s being ‘scrubbed’. I can’t believe much of it is original so I would expect t..twitter.com/i/web/status/1…mH
This (USA holiday) weekend, Australians should, but won’t, celebrate a new broad, deep trade agreement with a big n..twitter.com/i/web/status/1…GF
Congress may be willing to allow Mr Trump some rein on CHN (I don’t agree). But will they stand-by while he trample..twitter.com/i/web/status/1…d7
Wow! “… no political necessity… decades of abuse”?! How does the USA’s close friend and neighbour deserve this?..twitter.com/i/web/status/1…So
It’s a slow, muggy Saturday afternoon in Ferrara, home to two poets Byron admired: Ariosto,(Orlando Furioso); & Tas..twitter.com/i/web/status/1…Sj
It has taken a while to work out, but the AU-IDN “Comprehensive Partnership” (i.e. FTA) agreed yesterday seems a ve..twitter.com/i/web/status/1…HP