Globalization Tax
The argument in favor of globalism: Although some people in a country will lose their job, everyone is better off because they will have access to cheaper goods. And the…
Chinese Imports Funding PLA
If we stop imports from China, that hammer you bought at the hardware store, instead of costing $8 will cost $10, but your neighbor gets to keep his job and…
Stimulus Permanent Damage
Several US states are continuing with stimulus checks, enhanced unemployment, and eviction moratoriums. And, earlier this month, the federal government announced that the emergency would continue for another 90 days.…
Shanghai Lockdowns Illogical
China has locked down Shanghai and a number of other major cities, accounting for 40% of its GDP. This is so frustrating from Bloomberg, "The growth outlook hinges largely on…
US Keeps Trump-Era China Policies
As much as I am distressed over US domestic policy, I am pleased that the US has maintained most of the Trump-era China policies, in defense and trade, and that…
The Coming Food Inflation
Severe food inflation is very likely this year, although we do not know, exactly, how much. It is unclear whether there will be any grain at all from Ukraine and…
Economic Impact on Ukraine
Global media are focusing on the economic impact the sanctions are having on Russia. Meanwhile, the war and sanctions are having disastrous impact on the Ukrainian economy. The GDP is…
Corporate Virtue Signaling on Ukraine
Yum group said that they are pausing their company-owned KFCs in Russia. But, “Nearly all of Yum’s roughly 1,050 Russian locations are operated by franchisees." In some countries, the majority…
China Warns Over Taiwan Diplomacy
"China warned it would take strong measures if U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan" (Reuters) My feelings about Pelosi aside, the US has the right to send…
Ukraine and the Budapest Memorandum
The Budapest Memorandum on Security Assurances (1994) was signed by: the Russian Federation, the United Kingdom, and the United States, regarding the security of Belarus, Kazakhstan and Ukraine. Under the…