By mistaking the real nature of international trade, the costs of tariffs, the effects of currency movements, and the supposed ease with which the United States could quickly re-establish itself as a low-cost manufacturer, Trump risks shredding the safety nets that have undergirded the U.S. economy for decades and plunging us into a war we are ill-equipped to fight.
Government censorship will only reduce the ability to understand the causes of people guided by anti-capitalist ideas.
A trade war may also finally prompt China to do the smart thing and dump its trillion-plus holdings of U.S.
Elimination of the trade deficit will be a hollow victory if it results in a significant reduction in living standards.
To fully achieve flourishing, the Vietnamese need not only economic but political freedom.
According to the authoritative “Black Book of Communism,” an estimated 65 million Chinese died as a result of Mao’s repeated, merciless attempts to create a new “socialist” China.
The war on cash is a sign that central banks may see a dangerously deteriorating situation, one that has led to a feeling of desperation by governments and a wish to control the wealth of citizens.
At a time when other Third World countries were setting up government-controlled economies and blaming their poverty on “exploitation” by more advanced industrial nations, Lee Kuan Yew promoted a market economy, welcomed foreign investments, and made Singapore’s children learn English, to maximize the benefits from Singapore’s position as a major port for international commerce.
You can always keep anything old, clunky and inefficient still in business, if you are willing to pour unlimited amounts of the taxpayers’ money down a bottomless pit.