TPP11

How Can New Zealand Deal with a Trade War Between Elephants?

I have thought that economists are especially passionate about international trade because it is an alternative to war. In order to acquire access to resources one does not need to invade, conquer and colonise a country. Voluntary trade is less costly with far fewer deaths.

This column was first posted at https://www.newsroom.co.nz/.

Many consider Michael Reddell, the writer of the Croaking Cassandra blog, as an eccentric provocateur. Maybe. But he is also a good economist and his judgements should be reflected upon, especially in his area of expertise in macroeconomic and monetary policy, and financial regulatory matters.