Time for a Plaza II

Editor’s note: This is an extremely important article by economist Richard Koo describing in very clear terms the relationship between exchange rates, capital flows, and the trade deficit. Publication: “International Economy, Summer 2019“. The takeaway is that until the US manages capital flows and exchange rates, we are destined to have trade deficits and deindustrialization forever. U.S. trade deficits were caused…

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Carcinogens Have Infiltrated the Generic Drug Supply in the U.S.

Editor’s note: Pharmaceutical ingredients from China are uninspected, contaminated with carcinogens, and often simply ineffective. We need to rebuild this supply chain in the US. An FDA quality-control nightmare reveals how impurities end up in America’s blood pressure pills. [Anna Edney, Susan Berfield, and Evelyn Yu | September 12, 2019 | Bloomberg] The chemical N-Nitrosodimethylamine,…

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