InflationTariffsSupply Shocks
Jan 2, 2026Best of 2025: Mark Blyth Trump’s Tarrifs and Inflation
Mark Blyth, a Brown University professor, explains how popular understanding of inflation often misses the mark, why the Fed's traditional responses are frequently misapplied, and how Trump's tariffs are policy-induced supply shocks that broke the bond market and reveal a flawed re-industrialization strategy.
