Compared to automation, trade accounts for a tiny fraction of total job losses in the U.S. Meanwhile, cheaper consumer products imported from overseas have been among the most effective anti-poverty “policies” in the Western world. …This would not be possible without…the open trading ...
Rosenberg’s number is largely driven by the financial crisis at the end of the George W. Bush years and the COVID crisis at the end of the Trump years. A partisan Democrat could argue “so what?” The net result, after all, was big job losses at the end of the ...
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Investing $10,000 in Apple in 2004 If you had invested $10,000 in the iPhone maker 20 years ago, you would now be a multimillionaire. Wayne DugganNov. 21, 2024 Best Semiconductor Stocks Semiconductor sales are booming, with American sales and AI chip demand continuing to set the pace. ...
So let’s examine today why mutual recognition is a good principle for cross-border economic relations. Let’s start with a definition. Mutual recognition happens when two of more jurisdictions agree to have open trade and to respect each other’s laws. ...
P.S. The supposed Conservative government in the United Kingdom is doing a terrible job of delivering Brexit, even though they should be embracing independence so they can reduce the burden of government. P.P.S. Here’s my 2016 pre-vote column on the economic case for Brexit, and here’...