Tag Archives: trade

The Rule of Law: China and the U.S.

The rule of law has been an essential and critical foundation of successful free market economies. It provides the certainty of property rights and contracts needed for entrepreneurs to risk their capital in business undertakings. But as our business and … Continue reading

Posted in Foreign policy, trade | Tagged , , , , , , , , , | 1 Comment

Saving the American Dream

The American Dream is under attack. “The American Dream is the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society where upward mobility … Continue reading

Posted in Economics, Government, immigration, News and politics, trade | Tagged , , , , , , , , | 3 Comments

Supply Chains

When politicians and pundit refer to trade or supply chains, they invariable mean cross border trade or supply chains.  This is a mistake. President Trump recently provided a particularly nonsensical example: “In Washington, President Trump lambasted corporate America for “these … Continue reading

Posted in trade | Tagged , , , , | Leave a comment

Is Huawei a Security Risk?

This question is quite beyond my technical competence to answer.  Even the experts disagree amongst themselves.  President Trump thinks it is too risky to use Huawei equipment and insists that Britain and our other allies not use Huawei equipment for … Continue reading

Posted in Foreign policy, trade | Tagged , , , , , , , | 1 Comment

Where does the desire to explore come from?

Long ago I had the pleasure of introducing a young friend to types of food he hadn’t tasted before.  He was quite comfortable with his American style hot dog and hamburger meals and wasn’t certain he wanted to try new … Continue reading

Posted in Discrimination, immigration, Musings, trade | Tagged , , , , , , , , , | 1 Comment

Is Trump killing his own re-election?

The Fed (Federal Open Market Committee) is meeting this week to review and set or reset monetary policy.  I don’t know whether it should increase its policy rate, leave it the same or reduce it. https://www.adamsmith.org/blog/returning-to-currencies-with-hard-anchors  The market expects a … Continue reading

Posted in Debt, trade | Tagged , , , , , , , , | 2 Comments

The Sources of Prosperity

I am an economist so I can’t help writing about the virtues of trade in the (futile?) hope that what is obvious to economists might be better understood and appreciated by the general public. https://wcoats.blog/2016/12/22/save-trade/,  https://wcoats.blog/2017/01/06/the-liberal-international-order/,   https://wcoats.blog/2018/03/03/econ-101-trade-in-very-simple-terms/, https://wcoats.blog/2017/01/06/the-liberal-international-order/, https://wcoats.blog/2019/02/09/tariff-abuse/ So … Continue reading

Posted in immigration, trade | Tagged , , , , , , , , , , , , | 2 Comments

Attorney General Barr’s News Conference

I, and everyone I know, want to know the facts of any collusion between Trump and his associates and Russia. I am confident that the Mueller investigation provides them as well as we could expect. Attorney General Barr’s news conference … Continue reading

Posted in News and politics, regulation, taxes, War | Tagged , , , , , , , , , , | 3 Comments

Tariff Abuse

The U.S. constitution gives Congress the authority to enact and control tariffs (taxes on American consumers of imported goods and services).  Over the years Congress has increasingly delegated that authority to the executive branch (the President) under certain specified circumstances. … Continue reading

Posted in trade | Tagged , , , , , , , , , , | Leave a comment

Trade protection and corruption

Starting with the repeal of the Corn Laws in England (tariffs on grain imports) in 1846, cross border trade and incomes blossomed. “Global life expectancy in the past 175 years has risen from a little under 30 years to over … Continue reading

Posted in Economics, trade | Tagged , , , , , , , | 3 Comments