“We are all faced with a series of great opportunities—brilliantly disguised as insoluble problems.” – John W. Gardner Rich people are the most important buyers in the world. That’s why it’s unfortunate that President Trump is actively leaning on U.S. pharmaceutical corporations to lower drug prices. What a shame, most of all for the poorest […]
The Rich Are Crucial Venture Buyers, Keep Drug Prices High for Them Read More »
President Trump is happily overstepping the naivete that informs so much economic commentary. While the experts continue to look to the Federal Reserve to bring down prices via the tweaking of interest rates, Trump wisely chose to provide reciprocal tariff relief for so-called “unavailable natural resources,” e.g., agricultural products that cannot be grown at commercial scale
With Tariffs and Trade, the Trump Administration Takes a Positive Step Read More »
Speaking recently at a reception after Nvidia’s Global Technology Conference in Washington, DC, Jensen Huang energetically made a case for economic interconnectedness with China. U.S. universities loom large in Huang’s optimistic plan to continue attracting China’s best and brightest. In the words of Huang, “They’re just Chinese. They want to come here to develop.”
Jensen Huang and Donald Trump Are Correct About Chinese Students Read More »
In a recent Wall Street Journal opinon piece, the historically market-oriented Hoover Institution senior fellow John Cochrane argued that “Trump’s Monetary Policy Desires Aren’t Crazy.” As part of his defense of Trump, Cochrane puzzlingly contended that the federal government exports its debt in return for “consumer goods.” As constructed, the argument mistakes causation. The remarkable power
Would-Be Fed Appointees Vivify the Independence Myth Read More »
The warning from Sen. James E. Risch (R-Idaho) was blunt: “China’s control of TikTok poses one of the greatest threats to Americans’ health, privacy, and safety. Our kids and grandkids are particularly vulnerable to falling under the manipulation of the Chinese Communist Party…” Continue reading at The Washington Post.
Internal Error Is the Only Way China Could Surpass Us Read More »
There was no forgotten, downtrodden, so-called “Trump voter.” The latter was a creation of media members trying, and failing to understand the “exotics” outside the big coastal cities, and who voted for Donald Trump in 2016. To understand the why behind the myth of the Trump voter, contemplate David Wasserman of the Cook Political Report’s discovery of Cracker
Cracker Barrel Rejects the Dispossessed, ‘Trump Voter’ Narrative Read More »
There are no benefits to be had from a weak dollar. None. To suggest there are is the equivalent of saying a basketball player benefits from a shrinking inch and foot that will make him taller in shorter feet and inches. Reality always intrudes. What’s true about length is true about money precisely because money
President Trump Owes His Base Strong Words About the Weak Dollar Read More »
Openness to foreign production is the single greatest national security strategy the world has ever known. And nothing else comes close. That’s because foreign countries are loathe to aim their guns and missiles at their best customers. To say the latter is costly, impoverishing, and by extension a threat to national security insults obvious.
To Keep Us Safe From China, Trump Must Allow Chinese Goods In Read More »
Thoroughgoing Keynesian Ben Bernanke once quipped to Milton Friedman (1912-2006), “You’re right, we did it. We’re very sorry.” What did they or “we” do? According to Friedman, the Fed failed to increased the so-called “money supply” in the 1930s, thus the economic downturn… Continue reading on Forbes.
As Milton Friedman Did, Trump Mistakes the Power of the Fed Read More »
People drive economic growth. Which means President Trump’s problem isn’t the Fed, it’s his own administration’s deportations. Trump wants economic growth, but he doesn’t want the people who make growth abundant. Which is just a comment that whatever one’s opinion on immigration, a lack of it combined with aggressive ICE attempts to arrest and
Trump Can Have Booming Growth or Deportations, Not Both Read More »
