By Ken Austin[1] When I was in grad school, the dollar’s reserve currency status meant something very specific – foreign central banks bought and sold dollar assets to fix (manipulate) their exchange rates. They accumulated dollars when they wished to keep their currencies depreciated to favor their export industries. Let’s call this role “Central Bank Reserve Currency”(CBRC).…
By Bill Jones Former Senator Phil Gramm’s recent WSJ opinion article “Trump’s Trade War Was a Loser” gets many things wrong about U.S. trade policy. Concerningly, Mr. Gramm makes numerous statements, representations, and conclusions without supporting facts and documentation. While I respect Mr. Gramm’s service to our nation and his passion for promoting his views…
Greg Owens \ Co-Founder and CEO; Sherrill Manufacturing Inc./Liberty Tabletop For many of us the last 12 months have been difficult if not tragic on a personal level and at work. In the true spirit of our country, Americans rallied and have gotten through perhaps the most difficult experience we have ever lived through. Now that we are…
Editor’s Note: Bill Parks sits on the CPA board of directors and is the founder of NRS Inc., an Idaho-based sporting goods manufacturer. Americans are undoubtedly frustrated with the double standard enjoyed by large multinational corporations. [Bill Parks | July 6, 2020 | InsideSources] Each year, these massive companies earn billions of dollars in profit from…
Editor’s Note: An article from Palladium magazine by Marc Fasteau and Ian Fletcher, read by the latter on the following podcasts. America’s resurgent interest in industrial policy will go nowhere without rigorous economic foundations. Anchor Pocket Casts Radio Public Spotify
Editor’s Note: Mike Dolan is a trade policy specialist and lobbyist for the International Brotherhood of Teamsters and is the CPA board of directors. Larry Willis, President of the Transportation Trades Department, AFL-CIO, spoke with America’s Work Force Radio Podcast on June 22 about the importance of the United States investing in its infrastructure. [Ed…
Editor’s Note: George Boyd Jr. is the vice president of Goldens’ Foundry and Machine Company and a CPA member. They’re sold out everywhere. How complicated could it be to just make some more? Turns out, very. [ Alex Shultz | April 7, 2020 | GQ] It didn’t happen exactly this way, but it feels like it did:…
Editor’s Note: Fox News features CPA Member, Xenex Disinfection Services CEO Morris Miller on using UV light to destroy coronavirus. Their UV LightStrike robot is a key component to reopening the economy. [April 29, 2020 | Fox News]
Editor’s note: Frank Dowd IV, the Chairman of CPA member Charlotte Pipe & Foundry, makes a compelling case for decoupling from China. The coronavirus has upended our world. In addition to the suffering and death, the U.S. will be left with millions of unemployed, billions in health-care costs and trillions in lost economic activity and…
Washington~ The Trump administration announced Monday evening that it will impose countervailing duties up to 24% on imported lumber subsidized by the Canadian government. The Commerce Department announced its Preliminary Determination of Countervailable Subsidies on April 24, 2017 after a long running investigation. CPA strongly supports the Trump Administration’s move to eliminate the unearned advantage given…
