Trillion-Dollar Capital Flows Into the U.S. Are Driven By Tax Avoidance, Trading, and a Tiny Bit of Real Investment
Global capital flows are the driving force behind the rise of the dollar, which rose 3.9% in 2021. In the last ten years, the dollar
U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts
U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts By Amanda Mayoral, CPA Economist Summary Points: The US held high tariff rates from
“China Shock” Economists Try to Make the Profession See Reality
A new paper by the “China Shock” economists adds to the growing mountain of literature documenting the costs of free trade events to the U.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
Not All Tariffs Are the Same: A Case to Consider Optimal Tariff Policy
[vc_row][vc_column][vc_column_text] Not All Tariffs Are the Same: A Case to Consider Optimal Tariff Policy By Amanda Mayoral, CPA Economist Summary Points: Despite popular
Tariff Incidence in the Real World: Why Consumers (Mostly) Didn’t Pay the Steel Tariffs
Summary points: The import price of steel fell in the period following the 2018 imposition of a 25% steel tariff, an indicator that steel tariffs
Worker-Centered Trade Means Reshoring U.S. Industries
In June, U.S. Trade Representative Katherine Tai gave a speech in which she outlined her vision of worker-centered trade, a popular phrase among Biden administration
An ‘Inevitable Decline’ of U.S. Manufacturing? Here’s Another Way to Stop It.
CPA member Doug Berger started Industry Reimagined 2030 this year. Here is how he imagines it. Hint: he doesn’t think the government can fully protect us, or throw money our way forever. Something else has to be done.
The Twin Secrets of Economic Growth
Long-term economic growth is the single most important objective for any nation. As growth economist and Nobel laureate Paul Romer has said: “For a nation,
U.S. June Trade Deficit Hits New Record of $75.7 Billion As Imports Surge
Goods Deficit Also Sets Monthly Record at $93.2 Billion Department of Commerce figures published this morning show that in June the U.S. reported a trade
