February 20, 2020 - Coalition For A Prosperous America

US Capital Flow Management in the 1960s: The Interest Equalization Tax

February 20, 2020

by Michael Stumo

US Capital Flow Management in the 1960s: The Interest Equalization Tax

CurrencyBy Michael Stumo February 20, 2020

By Steven L. Byers, PhD and Jeff Ferry With the introduction of the Baldwin-Hawley bill (S 2359) into the US Senate, capital flow management tools are once again an important issue. The bill, entitled the Competitive Dollar for Jobs and Prosperity Act, envisages using a Market Access Charge on foreign purchases of US financial assets…

The U.S.’s Next Trade War? As China Clash Cools, Conflict With India Looms

ArchiveBy Michael Stumo February 20, 2020

Editors note: India is trying to be China with its tech transfer requirements and Made in India programs. Yet Modi mouths claims of defending “free trade” just as Chairman Xi did. Indian Prime Minister Modi seeks to emulate Chinese success with increased protection for domestic firms [Greg Ip | February 19, 2020 | WSJ] In…