Pissarides Says U.S. Metal Import Tariffs a `Crazy Idea'

The transcript discusses the impact of social media on diplomacy, highlighting how it affects the perception of authority and political reactions. It then shifts to the potential economic consequences of US tariffs on steel and aluminum, expressing concerns about a possible trade war. The discussion also touches on the paradox between politics and monetary policy, noting a shift towards unpredictability in politics while monetary policy offers forward guidance.

What does the speaker think about the idea of imposing tariffs?

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How does the speaker describe the current state of politics and monetary policy?

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