Harvard professor Gregory Mankiw, renowned for his influential work in economics, recently dropped a truth bomb during a CNN interview, calling US tariffs a case of large-scale economic malpractice. According to Mankiw, these tariffs create a cloud of uncertainty that often forces investment decisions to grind to a halt.
When businesses face unpredictable policy changes, they hit the pause button on critical investments, which could dampen economic momentum. This insight not only challenges current trade practices but also reminds us that even subtle shifts in economic policy can have wide-reaching effects on growth and innovation.
For young entrepreneurs, students, and global market enthusiasts, this is a wake-up call: economic policies are not just abstract numbers but key factors shaping the opportunities of tomorrow. Stay curious, keep learning, and always question the status quo! 🤔📈
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Harvard professor: US tariffs are large-scale economic malpractice
cgtn.com
