15/03/25 17:48:28.05 L94wHfxP.net
>>94の続き
Actually, I was glad to see Larry Summers weigh in on the same subject
in yesterday’s FT. Reading that piece, you may wonder what just happened
--- did Larry come out for the deal or against it? The answer, I think
(slide 1), is that he basically supported an idealized TPP that could have been,
but came out against the TPP that actually seems to be on the table.
And that means that he and I are in a similar place.
So, about the deal. The first thing you need to know is that almost
everyone exaggerates the importance of trade policy. In part, I believe,
this reflects globaloney: talking about international trade sounds
glamorous and forward-thinking, so everyone wants to make that
the centerpiece of their remarks. (The same thing happens to an even
greater extent when international money issues like the dollar’s role
as a reserve currency crop up.)