We are at a crucial moment in our economic history. Thirty-five years of rising economic inequality and wage stagnation have left too few Americans benefiting from economic growth. While GDP per person has risen strongly,median household incomes have been left behind. This economic record has fueled economic discontent and the search for easy answers. The Trump administration’s response has primarily been to blame our trading partners and immigrants, raising barriers and walls.
But we believe nationalistic economic policies are dangerous to both peace and prosperity. Trade barriers and immigration restrictions create large collateral damage; such “cures” can be worse than the disease.
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