Alternative Pillar 1 Formulas for International Fairness

by Jeff Ferry and David Morse Jeff Ferry is chief economist and David Morse is tax policy director at the Coalition for a Prosperous America. They thank Mary Hollenbeck for her data collection and additional research for this article. In this article, Ferry and Morse examine the advantages and disadvantages of pillar 1 of the…

Opinion | Import Shortages Make Case for a ‘Made in USA’ Resurgence

Michael Stumo \ January 3, 2022 \ The Washington Times In addition to the health crisis spawned by the COVID-19 pandemic, the United States is now experiencing significant shortages of consumer goods. These troubles extend across a wide range of products, including everything from bicycles and cars to prescription medicines. But the problems run even…

Opinion | A “Made in America” Fix for U.S. Supply Chain Woes

Michael Stumo \ December 23, 2021 \ Inside Sources   Much has been made in the news lately regarding America’s shortage of consumer goods. Increased consumer demand in the wake of the COVID pandemic has led to global shortages of many industrial products. And with cargo ships backed up and waiting to enter America’s congested west coast ports, there’s…

Can the MAC Make the Federal Funds Rate More Effective?

Background When inflation threatens America’s stability and economic growth, the Fed raises the Federal Funds Rate (FFR). This reduces domestic demand for borrowed funds, and that reduces the growth of domestic money in circulation and thus the rate of inflation. This approach worked reasonably well from the 1930s when the FFR became an official policy…

Growing Evidence Shows GSP Trade Liberalization Programs Hurt, Not Help

Original by CPA Chief Economist Jeff Ferry published in Foreign Policy News Early in June, the Senate passed its signature “China bill,” a wide-ranging piece of legislation intended to counter Beijing’s industrial rise and spur U.S. technological competitiveness. Included in the bill was a reauthorization of the longstanding Generalized System of Preferences (GSP), a tariff…