Russian Default and Taiwan
Russia defaulted on $100 million in interest payments, its first default since 1918. I can’t believe there are news media trying to convince you that the sanctions are having no…
China-Led BRICS Alternative Cannot Replace the Dollar
China and Russia want to either use BRICS currencies to settle international trade or use a basket of BRICS currencies. Both plans are preposterous, because the Brazilian real, Russian ruble,…
President Orders Lower Gas Prices
The president just called for gas station owners to lower prices at the pumps. This proves that he is either and idiot and doesn’t that gas prices and inflation are…
Misunderstanding Inflation
"Yellen says gasoline tax holiday worth considering as anti-inflation tool" (Reuters) This administration seems not to understand what inflation is. Inflation is a general increase in prices, caused by an…
Currency and Oil Price, a Double Whammy
By Antonio Graceffo, PhD. The Financial Times reported that “Italian and Greek borrowing costs jump on eurozone rate fears". These countries not only have high debt, but because they are…
Supply and Demand in the Labor Market
by Antonio Graceffo, PhD. at China Econ Group Globalists will argue against these two laws of economics: Increasing the minimum wage will cause unemployment and increasing the labor supply by…
Globalization Lower Wages
Regardless of what the globalists claim, everyone does not win with globalization. “China's GDP growth rate dropped from over 10.6% in 2010 to 6% in 2019.6 The drop in growth…
Labor Migration and Wage
Me: Free movement of labor across borders drives down wages in developed countries because it increases the supply of labor. Him: I'm just curious what you would tell some aspiring,…
Globalism, Increased Labor Supply, and Lower Wages
Antonio Graceffo, PhD. Manufacturing is crucial because it provides well-paying jobs for uneducated Americans and because we need an independent industrial base and supply chain. If we go to war…
Globalist Mantra “Everyone Wins”
By Antonio Graceffo, PhD. The globalists have infiltrated our education system and our universities to such an extent that even economics textbooks and trade textbooks are pushing globalism and like…