The Many Definitions of Reserve Currency and the Ceaseless Resulting Confusion
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
Surge in Pharmaceutical Imports Threatens U.S. National Security as India/China Dominance Grows
KEY POINTS U.S. pharmaceutical imports have risen sharply in the last decade, with imports from China and India skyrocketing. India and China are increasingly the
Economic View: The Coming Solar Apocalypse…and How to Prevent It
Key Points With 86 Gigawatts of planned solar module capacity and some 30 Gigawatts of imports, the U.S. market faces huge oversupply of solar modules.
Economic View: Tariffs Have Strengthened the U.S. Economy
The 2018-2019 tariffs have created thousands of U.S. jobs.
China Faces Debt Meltdown. A Shift to Domestic Chinese Consumption is the Solution
China’s domestic consumption is 20 points lower than other major economies. It needs to raise consumption to address indebtedness and to raise living standards in China.
Steel Conduit Imports from Mexico Continue to Surge Far Above Agreed Limits
U.S. imports of steel conduit from Mexico have exploded since 2017.
Economic View: “Tariff-Jumping Investment,” The Success of the 2018 Washing Machine Tariffs
The success of the washing machine tariffs shows that “tariff-jumping investment,” i.e. inducing domestic industry growth via tariffs is a viable strategy for the U.S. in industries that have suffered decline.
Economic View: U.S. Steel Must Stay American
Japanese steelmaker Nippon Steel has offered $14 billion for historic American company U.S. Steel. The deal is a bad idea. It’s bad for America, bad
Currency Misalignment Monitor, December 2023
The December Currency Misalignment Monitor found dollar overvaluation edging up once again, to 17.4% against the basket of 33 other currencies included in our model.
CPA Improves Leading Trade Model to Reflect Real-World Effects of Trade
Key Points The standard widely-used trade model, GTAP, has been wrong in its forecasts of every major U.S. trade agreement. CPA economists have modified the
