Yale's Shiller: Free Trade Isn't Unambiguously Good

The video discusses the impact of tariffs and trade deficits on economic growth, highlighting differing views among economists on free trade. It covers the creation of trade adjustment assistance by Congress to help those affected by job losses due to free trade. The debate on whether to impose tariffs or enhance trade adjustment is explored, with references to Obama's proposal and Trump's self-reliance philosophy.

What are the potential effects of imposing tariffs on trade?

How do economists view the relationship between trade deficits and economic growth?

What challenges do workers face due to free trade according to the text?

What was the purpose of the trade adjustment assistance created by Congress?

In what ways does the text suggest that Trump's approach to economics differs from traditional welfare?