The World Upsidedown: Progressives and the Return of the Victorian Policy Consensus (opens in new tab)

Eminent Victorian? The complete shitshow that US trade policy has become has led to a paradoxical result. Many progressive critics of Free Trade have all of a sudden become strong defenders of it, and highly critical of any kind of trade policy intervention. If Trump is against free trade, then it must be good. On top of that, the fear of inflation -- always a recurrent paranoia among more conservative policy makers -- has been exacerbated by the perception that tariffs will cause stagflation...