goldberg15_Qian WeizhongVCG via Getty Images_shipping Qian Weizhong/VCG via Getty Images

To Fight Inflation, Fight Protectionism

Surging inflation has made it much more difficult for US President Joe Biden's administration to justify a continuation of Donald Trump's protectionist policies. Though "openness" and "globalization" may have fallen out of political favor, free trade remains sound economic policy.

NEW HAVEN – One of the main goals that US President Joe Biden has set for his administration is to empower American workers and the country’s middle class. Many believe that globalization (along with several other factors) contributed to stagnating real wages, rising inequality, and the sense that American workers have lost out to workers in other countries with lower labor standards. But in its attempt to reverse these trends, the Biden administration has embraced protectionist rhetoric and policies that will cause American workers to lose once again.