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It did not boom because of the tariff. We have tons of work showing that the tariffs slowed the boom of the American economy. The classic example often offered is McKinley's, but as Chris Meissner and Alex Klein point out, it actually slowed productivity improvements in these

This is the post I never wanted to have to make. Earlier today, news arrived that my position as a history professor for US Army CGSC has been eliminated in accordance with DOD cuts. There is no chance of reassignment, and the entire Fort Belvoir campus will be stood down.

from the declaration of independence lol

Incoming:

Progress studies has a new hero!

🚨🆕📜In a new NBER working paper out today (tinyurl.com/2vv3vnhf), with Wayne Sandholtz we ask a 🔥question: Can controversial public policies end up being political successes even when they cause lots of backlash? And if the answer is yes, what drives pol success? A thread 👇

Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America because other countries don’t have a 20%+ tariff on our cogs 😅

A tariff policy cannot, in general, close a long-run trade deficit, unless it inflicts a negative valuation effect on the international financial position of the country. Absent such valuation effects, the long-run trade deficit is exogenous to any tariff policy. (2/n)

Oren Cass and John Carney immediately start drafting tweets and posts explaining how crucial it is for the electronics and semiconductor industries to be located overseas

The federal government doesn’t ‘give’ money to Harvard. The $2.2 billion in frozen payments isn’t for Harvard sophomores’ tuition or library books. The US government is buying services from Harvard: scientific & medical research & development. These aren’t ‘woke donations.’

Vincent Geloso First - this is more my area of expertise - it is frankly pretty extreme to claim that theoretical arguments can do anything convincing on this issue. The theoretical channels for government investment to be complementary to private investment are so ample that any argument to

the headline is perhaps one of the greatest examples of media’s negativity bias in history

Trump critics say we are in a constitutional crisis. The White House says that’s hysterical. We decided to ask seven of the sharpest legal minds in the country from across the political spectrum—including a Bush White House lawyer, a progressive constitutional scholar, and a

“We decided to ask seven of the sharpest legal minds in the country from across the political spectrum… All agreed that the president’s legal tactics reflect a dangerous willingness to ignore statutory and constitutional constraints—and that he must be reined in quickly” The Free Press

One of the things that inspired me to go to Econ grad school was reading JEP articles in the library in undergrad. As a publication, it is a huge service. A well deserved award aeaweb.org/about-aea/hono…

The Trump administration wants to bring back manufacturing jobs, but is that even feasible? Ben Glasner explains how it would be harder than the administration thinks. agglomerations.substack.com/p/tariffs-and-…

“I'm sorry David and Yael, you're going to have to go back to Tel Aviv because you can no longer attend Harvard….because it's anti-Semitic.”

Republicans slipped a provision into their big spending bill that would limit the power of federal judges to hold people in contempt, potentially allowing Trump and his administration to violate court orders without consequence. Michael Gold nytimes.com/2025/05/22/us/…

“Let’s treat universities like ordinary private companies but let’s also expect them to subsidize basic research for the public good” Is that the argument?

This is indeed the incoherent position the government has taken: universities should use their endowments to fund government work for the public good AND the government is also planning to tax the endowment.