Tag Archives: trade

Trump and interest rates

There seems to be no norm or conventional wisdom that President Trump is not willing to overturn. Following Fed Chairman Powell’s congressional testimony Tuesday in which he confirmed the Fed’s intention to continue its gradual increase in its policy interest rate, … Continue reading

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

Econ 101: Trade Deficits, another Bite

Some years ago my friend Moritz Schularick and I were walking down a street in what is now called midtown Berlin (the former Eastern zone). Moritz asked me if I could explain why capital was flowing into the U.S. from … Continue reading

Posted in News and politics, trade | Tagged , , , , , , , , | Leave a comment

Econ 101: Trade deficits

Responding to critics of the administration’s proposed steel and aluminum tariffs, Commerce Secretary Wilbur Ross stated on CNBC: “I think this is scare tactics by the people who want the status quo, the people who have given away jobs in … Continue reading

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

The shriveling of U.S. influence

Today in Chile 11 of the original 12 countries that had signed the Trans-Pacific Partnership (TPP) multilateral trade agreement on February 4, 2016 are signing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP or TPP-11 for short, i.e., the … Continue reading

Posted in News and politics, trade | Tagged , , , , , , , , | 1 Comment

Econ 101—Trade in very simple terms

Trade allows people and firms to specialize in what they produce. This enables them to be more productive. This raises the income (standard of living) of both the seller and the buyer (who must also sell something in order to … Continue reading

Posted in Economics, News and politics, trade | Tagged , , , , , , , , , , , , , | 2 Comments

Immigrants from Hell

What immigration policies best serve the national interests of the United States? Every country on the face of the earth has citizens whose intelligence, enterprise, and moral character range from 0 to 10. In poorly governed countries, we might call … Continue reading

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

A Basic Human Right

Hunter-gatherers freely traded what they produced (gathered) for what they needed but did not produce. The story is well known (except by Peter Navarro, an energy and environmental policy analyst masquerading as Trump’s trade expert). By specializing in what they … Continue reading

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