Edition #30: May 31, 2024

Welcome to PS Economics, a weekly newsletter highlighting commentary on the most important issues in economics and finance.

The High Costs of the New US Tariffs on Chinese EVs

Pinelopi Koujianou Goldberg laments the Biden administration’s embrace of costly, futile efforts to outcompete low-cost rivals.

Central Banks’ New-Old Inflationary Bias

Kenneth Rogoff explains why policymakers are more likely to risk higher prices during periods of economic uncertainty.

Europe’s Carbon Border Tax Advances the Fight Against Climate Change – Free to Read

Jeffrey Frankel shows how the European Union’s carbon-price mechanism could encourage other countries to follow suit.

The Threat of Trumpflation and a Fed War

J. Bradford DeLong thinks monetary hawks should be more worried about the return of a populist demagogue to the White House.

Is China Too Old to Get Rich?

Yi Fuxian explains why the country’s rising median age is at the root of its current malaise.

The Economics of Health for All

Mariana Mazzucato explains why pandemic prevention and preparedness must be embedded in economic policymaking.