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The article argues that middlemen play a crucial role in coordinating complex tasks and facilitating trade, which enhances societal productivity. It critiques the view that middlemen are unnecessary, emphasizing their importance in managing relationships, risks, and information flow in increasingly complex economies.
Brown University Professor Şebnem Kalemli-Özcan critiques the planned tariffs by the Trump administration on imports from Mexico, Canada, and China, arguing they will harm the U.S. economy by raising consumer prices and potentially leading to recession. She emphasizes that while tariffs are intended to protect domestic industries, they could result in decreased consumer spending and increased unemployment.