Readings

• Chapter Thirteen of — The Three Lives of James Madison
• Why Trump Is Right About Tariffs
• Economic Reality Bites Trump and His Protectionist Trade Policies

Discussion

1. Brief Review of Econometrics (3 pieces of information & example)
2. Favorite Figure
3. Problem Set

Introduction

One might imagine the James Madison was the first to use the expression in conference with Jefferson that “We had it, and we let it get away.”

And indeed Madison had it — the Constitution. He put forth the Virginia plan in June of 1888. He authored the Federalist Papers in support of ratification (together with Alexander Hamilton and John Jay). And he submitted the Bill of Rights which made the work more complete in the eyes of the public, although not to all — Patrick Henry.