I believe the most important thing Americans must do is to secure their economic well-being in an increasingly challenging, complex world. What I have written about all these years is the process of creating wealth, not for any one individual, but for the United States as a whole. Ever since I was a young correspondent witnessing the emergence of China after the country opened in 1979, I’ve believed we have to get more serious about creating wealth. I retain faith in the resiliency of the U.S. economy and the enterprise of American people. If Americans have the right strategies, we can once again create widespread wealth. Come with me on this journey.
Nick Kristof Is Right: What Did The President Know–And How Will He Respond to Russian Testing?
February 16, 2017
Nick Kristof nails the question of the hour in this piece today. Much as we asked during Watergate, what did the president know and when did he know it? Back then, we were talking about Nixon and the break-in at Democratic Party headquarters and a subsequent cover up. Today we’re asking what Trump know and […]
New York Times Rediscovers Japanese Car Story
February 10, 2017
One of the tragedies of the American media is that it has bled out an entire generation of reporters and writers who actually remember how certain issues got started and how they were resolved–or not resolved. The U.S.-Japanese auto imbalance is just one of those issues, as evidenced by this piece in today’s Times. There […]
How Will The Void in U.S.-Chinese Relations Be Filled?
February 3, 2017
I went to a Chinese New Year’s bash that the Hong Kong government put on last night in Manhattan and, amid the tinkle of champagne glasses, got a dose of what Hong Kong and China are thinking about President Trump. The new president has named Iowa Gov. Terry Branstad as his new ambassador to China […]
There Goes Goldman Sachs Again
February 3, 2017
According to today’s Wall Street Journal, former Goldman Sachs President Gary Cohn, who President Trump has tapped to be White House National Economic Council director, says he is going to dismantle the Dodd-Frank Act. This law was enacted in 2010 in reaction to the massive, systematic cheating that Wall Street and mortgage underwriters such as […]
How CEOs must fight the anti-trade movement
January 19, 2017
American CEOs should fight the rising tide of anti-trade sentiment in what they say in public and in how they run their companies. Here is a modest agenda appearing in Chief Executive magazine.
Economists Grapple With Public Disdain–Here’s Why
January 9, 2017
There’s an article in today’s Wall Street Journal which may be difficult for non-subscribers to access, so I will repeat just a couple of paragraphs. It’s by Josh Zumbrun from Chicago. “The nation’s leading economists are suffering an identity crisis as many of the institutions they helped build and causes they advanced have come in […]
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