Summary: Trump and other opponents of free trade make many bold claims about its harmful effects. Here Ed Dolan looks at the facts to see if they agree with Trump. That is nice to know before Trump attacks the global trade system, a pillar of the world order that has brought unprecedented prosperity to the world. …
A powerful defense of free trade by Ed Dolan, before Trump attacks it Read More »
Summary: Globalization and free-trade, combining to an irresistible force, have reshaped the world since WW2. As that era ends, and we enter a perhaps tumultuous transition to a new and different era, we should examine the calculus of its benefits and costs. Today’s analysis by Alan Tomelson helps us take a first step. . “Cheap …
Cheap Imports Backfire on America’s Retailers & What’s Left of Our Economy Read More »
Here is a question asked on the FM website this week (some of these were assertions, which I’ve rephrased at questions): does the US still manufacture anything? Rephrased, is US manufacturing prospering or dying? Maclaren writes about the decline of US manufacturing here. Is US manufacturing prospering or dying? See the BLS tables here for …
Summary: Something is wrong with America, rendering our society incapable of connecting effectively to reality.  Who can tell what has caused this social illness, a form of cultural Alzheimer’s? The symptoms appear in many aspects of our national public policy, an inability to effectively take collective action in critical areas such as energy, geopolitics, and management of our economy. This is …
Globalization and free trade: wonders of a past era, now enemies of America? Read More »
