China’s economic growth has been slowing down, but it was slowing down before President Donald Trump entered the White House, and it will continue to slow down, regardless of whether the U.S.-China trade dispute continues or not. Supporters of the administration’s trade policy often cite the decline in China’s largest stock market, the Shanghai Stock … Continue reading China’s ‘Economic’ Losses Aren’t Because of US Trade Success
Venezuela’s inflation may hit 1 million percent by the end of the year, the International Monetary Fund announced in July. This incredible hyperinflation is reminiscent of Weimar Germany during the years immediately after World War I, in which wheelbarrows full of cash were required to buy bare essential items, like a loaf of bread. To counter the … Continue reading Inflation to Hit 1 Million Percent in Collapsing, Socialist Venezuela
The United States on Sept. 24 announced a new set of arms sales to Taiwan. Valued at $330 million, this sale comprises mainly spare parts and equipment to support Taiwan’s air force, including its F-16s and C-130s. This marks the second major arms sale to Taiwan by the Trump administration, following a $1.4 billion sale in … Continue reading US Arms Sales to Taiwan Are Right Thing to Do.
“It’s time for a coup in Venezuela.” That statement appeared in Foreign Policy magazine on June 5, two weeks after Nicolás Maduro was re-elected as Venezuela’s president on May 20 in an election widely considered to be rigged. José R. Cárdenas, the former Bush administration official who wrote it, argued that “the United States … Continue reading 5 reasons why Venezuela’s nightmare could get worse
Three minors have been euthanised in Belgium since euthanasia for children was legalised in 2014. According to the latest report from the government agency (PDF in French) which tracks euthanasia deaths, the children were 9, 11 and 17 years old. Two died in 2016 and 1 last year. Under the existing law, their request for death has to be … Continue reading Three children euthanised in Belgium
It was widely reported earlier this month that London experienced a higher number of murders over the first three months of 2018 than did New York City—the first time in modern history that has occurred. The United Kingdom has some of the most restrictive gun control laws in the world, so the increased murder rate … Continue reading Amid Push for Knife Control, UK Shows Gun Control Doesn’t Increase Safety
Concerned with how trade is commonly discussed, Greg Mankiw recently issued a plea to journalists to halt the use of subjective terms to describe trade flows. Rather than words such as “deteriorated” or “improved,” the Harvard economics professor (and noted textbook author) proposes that writers employ more objective language such as “the trade balance moved towards surplus.” Mankiw’s … Continue reading There’s No Such Thing as a Trade Deficit