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Donald Trump and Depression Economics
Somewhere in the universe is a man known as Donald Trump. He has residences in New York, Palm Beach, Florida, and a white columned house at 1600 Pennsylvania Avenue, Washington, D.C. From these well-furnished bungalows, where supplicants meet to greet, monarch butterfly Trump governs his territory ─ planet earth. When the monarch desires a change […]
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The Retreat of Free Trade
Free markets? Free trade? The modern economic world has little time for these erroneous, misdirected terms. More evident are the feelings of resentment, prejudice and indignant parochialism more accurately called My Country First, and Everyone Else Last. Back your industries; hobble the competitors. And everyone is doing it, except certain ideologues who, childishly, cling to […]
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Pandering to the Taxpayers
In every presidential election, office seekers elbow each other to position themselves as favoring tax breaks for the electorate. Kamala Harris raced in quickly with proposals for a tax break for the middle class and a tax deduction of up to $50,000 for new small businesses ─ two debt producing polices. To her credit, the […]
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Following US’ Protectionist Policies, Canada is Shooting Itself in the Foot
Illustration: Chen Xia/GT On the political stage, Canada often seems to trail behind the US. After the US government’s announcement in May of imposing high tariffs on Chinese electric vehicles (EV) and steel, the Canadian government has now decided to follow suit. On Monday, Canadian Prime Minister Justin Trudeau said Ottawa would impose a 100 […]
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“Free Trade” as Revealed in the China-United States Paradigm
Free trade is much ballyhooed by the US and the capitalist world, but critics have been skeptical as to whether such trade freely takes place. Investopedia provides a useful definition of free trade: A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under […]
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