The TLDR version of this is that IEEPA does not give the President the authority to impose tariffs to correct trade imbalances. Section 122 of the Trade Act of 1974 -- passed around the same time -- does, but under much more restrictive guidelines than those asserted by the President under IEEPA.

Me and my crazy WiFi logins...

In fairness, going to a top Econ program is probably a good proxy for more important variables - like GRE scores and Real Analysis grades.

Because the IEEPA-based tariffs, especially, are constitutionally questionable, I could see a scenario where they're scrapped along with all executive orders based on alleged national emergencies. But yeah, I'm pessimistic about getting back to a pre-Trump trade order generally.

Or maybe not. I can't plan that out from my limited perspective. /fin

before me. Hence, it's not surprising that there's been a big shift towards theory-lite empirical work. My guess is that we'll probably hit a point of diminishing returns on that soon, and more of a balance will be restored between theory (neoclassical or whatever) and empirical work. 2/

I've got a good feeling about this

I haz sad.

People may not talk about the 1910 midterm elections much nowadays, but when I was a kid, Milwaukee's socialist past was a major part of the cultural zeitgest.