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China Trade: Myths vs. Reality
Reprinted with permission, By Walter E. Williams Republicans and Democrats, liberals as well as conservatives, have bought into anti-Chinese trade demagoguery. Former House Speaker Nancy Pelosi suggested that tariffs against China are a “key part of our ‘Make It in America’ agenda.” During his 2010 campaign, Senate Majority Leader Harry Reid, D-Nev., called his tea party-backed […]
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Things I Found While Looking for Something Else—Part 1
By J.D. Neeson, President The U.S. and China’s manufacturing output is about the same—the Chinese do it with approximately 300 million people, while the U.S. does it with 11 million workers. Over the summer, amidst all the yelling about the debt crisis, foreign demand for U.S. Treasuries grew by $88 billion (even though China sold […]
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