Trade

There’s No Such Thing As ‘Rebalancing’ Global Trade

There’s foolish and then there’s macroeconomics. Macroeconomics insults foolish. Was “economics” always this dense? Acknowledging that there’s no empirical way to answer the previous question, it will simply be said that the answer is yes exactly because “macroeconomics” has been around a long time. And it’s a fraud. Economies are people, which means there’s […]

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Politicians Want a Trade War With China, Americans Don’t

The Chinese artificial intelligence startup DeepSeek is now the most downloaded app in 140 markets worldwide, including Apple’s App Store and Alphabet’s Android Play Store. To say American consumers are enthused about China’s recent breakthrough in artificial intelligence is an understatement, given this vast popularity. This dovetails with U.S. consumers’ love of TikTok — an

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