Inflation remains due to supply chain problems. From China’s Zero Covid to European energy costs, the price of outsourcing manufacturing is getting high. Why reshoring is an inflation curb.
The theory of free trade is so familiar and so often quoted, you might think there is ample evidence proving its accuracy. But there isn’t. In fact, there is scarcely any evidence at all. On the other hand, there is abundant evidence showing the theory is wrong. In an academic article recently published in the…
Most people think that when a drug is recalled by the lab, it is pulled from pharmacy shelves. It’s not. Here’s how drug recalls really work.
The “Green Revolution” promises to produce electric power in a climate-friendly, low-emissions manner for homes, businesses, cars, trucks and other vehicles. There’s just one giant stumbling block. All these clean-energy sources use large amounts of copper. Global copper demand is forecast to double between now and 2035. But copper supply may not keep up. If…
After a sharp six month decline, the trade deficit is back up and on track to break another record even as China imports stall.
Investment managers say they have a fiduciary responsibility to be in China. Here’s why they need to seriously rethink this.
The U.S. is largely dependent on foreign sources for the critical minerals that will power a clean energy transition. The Inflation Act helps. But it’s going to take a while to be even moderately self-sufficient.
Last week, U.S. Customs and Border Protection’s (CBP) Office of Trade released false government statistics. CBP’s Office of Trade stated that the total value of de minimis shipments fell from $67,039,140,875 in CBP’s FY 2020, down to $39,876,651,152 in FY 2021. These numbers are not accurate, and in fact are certainly a gross, material undervaluation,…
Summary Annual U.S. Census report on incomes reveals that household median income fell slightly and inequality widened in 2021 Inequality and the shrinking size of the middle class have persisted in the U.S. for half a century. These trends are driven by globalization and the decline of U.S. manufacturing as a share of GDP. Inflation-adjusted…
$22 Billion of Investment to Create 15,000 Jobs The manufacturing incentives tucked into the Inflation Reduction Act have unleashed a tidal wave of investment in U.S. manufacturing unlike any we have seen in decades. According to CPA calculations, and our calculations are a work in progress, so far $22 billion of investment dollars have been…
