It’s unclear that the rest of the world is nearly as gung-ho about this tech containment strategy. Nor have the downsides — whether heightened risk of war or economic damage from reworking supply chains and Chinese retaliation — been explained to the American people.
On this episode, economics professor Jonathan Gruber discusses his new book “Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream.”
On this episode, author and economics professor Tyler Cowen discusses his new book “Big Business: A Love Letter to an American Anti-Hero.”
Since the 1990 business cycle peak, wages are up 20% in real terms. And if you use the “personal consumption expenditures price index” rather than the CPI as the inflation measure — it’s the one preferred by the Federal Reserve and Congressional Budget Office — you find a 32% increase in average worker wages and about the same for the bottom fifth of workers.
The White House has cast a dark cloud over the company’s products and raised the risk to using them. And as with an earlier temporary ban on ZTE, the moves against Huawei will encourage China to redouble its efforts to greatly lessen its tech dependence on the US
Democrats, especially those running for president, can’t support President Trump’s trade war with China. They just can’t. It’s the heart of Trumponomics and encapsulates his “America First” ideology. To embrace the bold, brash, bludgeoning trade war is to embrace the essence of Trumpism.
Is China’s top-down political economy really equal or superior to America’s market economy in sustaining an ecology of entrepreneurship, imagination, creativity, and dynamism?
Biotech entrepreneur Safi Bahcall discusses the importance of nurturing loonshots — crazy ideas that just might shape the future of humankind.
The US economy might shake off the tariffs in the near term even as they undercut the longer-term efficiency, capability, and prosperity of the American economy.
On this episode, economics professor Tyler Cowen discusses his new book “Big Business: A Love Letter to an American Anti-Hero.”