Tackling the ‘China Question’

It is an open secret in Washington, D.C. that China, to put it mildly, is “ripping us off” on trade. This fact is tacitly acknowledged by congressmen, Republican and Democrat alike, businessmen, and economists, and yet the “China question”—how to correct the U.S. trade asymmetry—is conspicuously absent from policy discussions. Or, rather, it

By | 2017-08-16T13:40:33+00:00 August 16th, 2017|

The RAISE Act Could Boost U.S. Fortunes. Here’s Why…

President Trump this week provoked yet another media meltdown by endorsing the RAISE Act, an immigration reform bill sponsored by Senators Tom Cotton (R-Ark.) and David Perdue (R-Ind.). If passed, the bill would cut legal immigration to the United States by up to 50 percent, and break the cycle of chain-migration by giving priority to

By | 2017-08-08T12:37:02+00:00 August 3rd, 2017|

How to Right the Ship

Ever since Donald Trump declared his candidacy for the presidency, the media assault on him, his family, and his supporters has been blistering and relentless. As a result, millions of Americans—and billions of people around the world—have developed a warped, even demoniacal, impression of the sitting president of the United States. Nevertheless, given

By | 2017-08-07T13:32:13+00:00 August 3rd, 2017|

Bourbon Doesn’t Matter (and Other Hard Truths About Trade)

President Trump promised to put America first when it comes to foreign trade. Most conservatives think this is a good thing: why should we let Japan manipulate its currency with impunity? Why does the U.S. government allow China to dump below-cost goods into the American market, killing local industries? These concerns are reasonable.

By | 2017-07-24T20:05:12+00:00 July 19th, 2017|

Raise Tariffs, Secure the Nation

The Financial Times accuses President Trump of suffering from an odious, if tongue-in-cheek malady called trade deficit disorder (TDD). The symptoms? A bizarre and unjustified desire to impose tariffs, thereby ensuring America sells as much as it buys on the international markets. Of course, Trump is not suffering alone with this malady: many

By | 2017-07-14T14:25:32+00:00 July 11th, 2017|

Donald Trump as Pericles

I have no idea who wrote the rousing speech that Donald Trump delivered Thursday in Warsaw. But I think I know who might have provided a model: Pericles of Athens. As I noted yesterday, the speech contained the usual quota of diplomacy-speak, freshened up with numerous specific advisories: the US stands behind Article

By | 2017-07-12T14:32:11+00:00 July 7th, 2017|

Stop Blaming Robots: Automation is Not Killing American Jobs

A Chinese factory made international headlines two years ago by firing 90 percent of its workers, while simultaneously making 162.5 percent more stuff. How did they do it? Automation. Since then the mainstream media has worked itself, and many Americans, into a frenzy over “job-stealing” robots. Automation will cause mass unemployment and poverty,

By | 2017-07-05T11:29:11+00:00 June 30th, 2017|