Economists say low-skill migrants boost the economy. That ignores their costs.
Summary: Monday's post looked at how China's Belt and Roads Initiative was spurring growth in the less developed areas of Asia and Africa -- and linking those nations more tightly to China. Here Stratfor looks at how the B&R initiative links to Europe, the end of its new Silk Road. China uses the EU's weakness as an … Continue reading Stratfor explains how China’s Belt and Roads Initiative might reshape Europe
Summary: US borrows trillions to wage war in foreign lands. China helps build other nations' transportation infrastructure to connect them for mutual trade. Which program will work better? Their secret advantage over America is seen in every day's news headlines. This is how great nations rise, reported by the NYT: "Behind China’s $1 Trillion Plan to Shake … Continue reading China builds a new world in which *it* is the great power
Summary: Now that the Anything But Issues election is over, the media realize that there are issues other than racism and sexism -- and debates other than those over the ephemera that dominated the election. Alexander Bolton of The Hill kicks off serious coverage of the Trump administration with "Deficits could stand in the way … Continue reading The annual Budget Games begin: Trump vs. Congress to control spending
Summary: US stocks have risen since the election on expectations that Trump will bring massive debt-financed infrastructure spending and tax cuts for the rich (with droplets for everyone else). As we learned from the Reagan and Bush Jr. programs, we should beware the details. These articles warn what to expect, giving us time to fight … Continue reading See the warnings about Trump’s infrastructure plan. It’s betraying populism.