Global Economy

How China Destroys Business on Your Street

The Trade War on Main Street No One Talks About Many years ago, I invented a product for the motorcycle industry. Young, eager, and full of ambition, I pursued my idea relentlessly-drafting and securing a U.S. patent, and establishing small-scale, localized manufacturing. After testing several prototypes, I developed the best and final design. I then […]

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It hasn’t worked once, so why would a politician go all-in on price controls now?

August 15th was the anniversary of the infamous “Nixon Shock”, when excessive spending and trade deficits had governments on the ropes, as prices climbed relentlessly, inflation soared into the double digits, while economic growth stalled. In 1971 of that year, Nixon “temporarily” suspended convertibility of the US dollar for gold (still in effect), while simultaneously […]

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