Blog
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.
Reflections from Jackson Hole–Before The Economists Get Here
August 13, 2018
The Federal Reserve is about to stage its annual gathering of economists and other policy-makers in Jackson Hole later this month but I beat them here (seen above on Jackson Lake.) Which means that I get to help set the stage with these informal reflections on China, the environment, tourism, immigration and the like. CHINA: […]
Sixty percent of China’s Exports to the U.S. Are From Non-Chinese-owned entities
August 9, 2018
I have never heard of Mary Lovely of Syracuse University but she offers some welcomed rational thinking in this op ed in today’s New York Times. I recently estimated that more than 50 percent of China’s exports to the United States were not manufactured by Chinese entities. But she estimates that 60 percent of China’s […]
New Electric Engines Are Amazing
August 1, 2018
We’re just beginning to test the limits of electric engines for vehicles…See this article.
My latest on lithium ion batteries
July 31, 2018
In Compass magazine, the thought leadership platform for Dassault Systemes
How America Has Benefitted From The Global Trading System
July 31, 2018
President Trump loves to play on American fears that we have been victimized by evil foreigners. He says we are the “laughing stock” of the world and the world’s “piggy bank” because of our persistent trade deficits. But in truth, if any other country ran such large trade and fiscal deficits for so many decades, […]
An Important Article in The New York Times–How To Respond to China’s Technology Aspirations
July 19, 2018
Finally, the dam has broken and someone is talking sensibly about how the United States should respond to China’s stated intention to dominate many of the world’s emerging technologies by 2025, such as autonomous driving and Artificial Intelligence. Tariffs are not the answer. They have zero chance of working. Instead, Americans should out-innovate China, as […]
