"Macroeconomics” purpports to break “economies” down to cities, states, and countries. Remember this as economists react with horror to President Trump’s surface, or actual economic ignorance. They rightly disdain his worship of tariffs, but do so without ever bothering to contemplate their own magic, one that presumes to measure the “economies” of cities, states, countries, and most obnoxious of all, the world.
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