Category

Growth

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The facade of the Federal Reserve Bank.

The Trump Dollar is on Track to be the Weakest of All Time

Folks, watch them dance, US pols are exultant about the dollar! Despite the volatility and noise of virus, money manipulation, trade war, high tech disruption, and debt explosion, our leaders believe that the buck is a bastion of value. Amid the $6.7 trillion a day of currency shuffling in Vanity Fair — some 25 times world GDP and up some 30% in three years during a trade collapse — the dollar is floating and flapping on the Federal Reserve fortress like a triumphal banner of monetary stability in an ocean of froth. Fed Chairman Jerome Powell is basking in glory as the dollar seems to be slip sliding near the Euro. And at least it’s not Brazil’s real or Argentina’s swooning peso! This Read More ›

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Bill Walton and Jay Richards Discuss the Economic and Health Crisis Created By COVID-19

Discovery Institute Senior Fellows Bill Walton and Jay Richards sat down with economist Steve Moore to discuss the health and economic crisis created by the coronavirus, and how to respond without all of our freedoms and civil liberties being trampled. They explore the many policy proposals driven by partisan politics, China’s role, the World Health Organization, and the left’s agenda. Read More ›
Chinese Yuan and US dollars on the map of China. Trade war between US and China, economic sanctions

The Real China Story

With China grabbing all the negative headlines lately, I thought it would be a good idea to step back and look at the big picture, highlighting the great triumphs of this country. Some of my readers worry that I am “soft” on China, too optimistic about the prospects for freedom there and unwary of the Chinese threat to the U.S. As one reader recently wrote, “At the end of the day China is still a communist country” that “does not recognize the right to private property” and therefore can steal our intellectual property without any twinge of conscience. I love this comment because it gets us right to the heart of things: Is China still a communist country? Not: Does China have lots of politicians who ritually declare themselves communists? (It does.) Or even a few who deep in their hearts still yearn for the good old days of Mao? (They exist.) But is China a communist country, a nation of 1.4 billion people living under anything we would recognize as communism? My answer is: “By their fruits, you shall know them.” Let me explain… Read More ›