The title of this post links to the economists' open letter to Donald Trump and Congress against protectionism. I am one of the signatories. Here is link to a Bloomberg article about the letter.
Although I am opposed to tariffs and quotas, I think the US government should be more active in policies that influence international capital flows. Here are some relevant posts:
- How Increasing Retirement Saving Could Give America More Balanced Trade
- Establishing an International Capital Flow Framework
- International Finance: A Primer
- Border Adjustment vs. Dollar Depreciation
- Economics Is Unemotional—And That's Why It Could Help Bridge America's Partisan Divide
- Q&A: Evidence that Financial Flows Determine the Overall Balance of Trade, Not Tariffs
- Presidential Q&A: Is a Strong Dollar or a Weak Dollar Good for the Economy?
Also see these logically related, but less relevant posts: