“Welfare State Causes Wealth Inequality — Euro Experience” By Chris Edwards, courtesy of Cato Institute Democrats running for president are condemning wealth inequality while calling for an increase in social spending. But expanding social spending would magnify wealth inequality, not reduce it, because it would displace […]
Tag: U.S.
Airbus tariffs are a warning shot
Courtesy of IFW Kiel The World Trade Organisation (WTO) has cleared US proposals of countervailing tariffs against European subsidies to Airbus. The US tariffs turn out to be relatively modest, but the US could raise them to up to 100 percent. According to researchers at […]
U.S. sits out this free trade round, looks tired
Like an aging jock, the U.S. is sitting on the sidelines as other countries move the ball forward on a field it once dominated. A number of the world’s biggest economies are striking free trade deals, threatening to form regional trade blocs excluding […]
Europe prepares to hit back on tariffs
The Trump administration’s decision to levy $7.5 billion in tariffs on European goods, officially sanctioned by the WTO following its judgment in favor of Boeing in a trade dispute over European subsidies to Airbus, will not go unanswered, according to German foreign affairs minister […]
U.S.-Japan trade deal is a good start, at best
The U.S. and Japan signed a new trade deal on September 25, which certainly counts as good news in today’s fraught trade and diplomatic environment, more often characterized by tariffs and spurious reasoning. However the first phase of the U.S.-Japan deal is at […]
LGBTQ credit unions are now a thing
There are all kinds of specialized credit unions in the U.S., and they’re gaining traction in the UK, but the newest thing by far is the LGBTQ credit union — now officially a thing in the U.S. following the launch of Superbia, a credit […]
Trump can support Hong Kong protesters (if he wants to)
It remains to be seen if President Donald Trump has any interest in helping Hong Kong’s pro-democracy protesters — but if he does, there are a number of options available to him, write former GOP Speaker of the House Newt Gingrich and Christine Whiton in an […]
Eco-conscious Germans still love their gas guzzlers
The inhabitants of rich countries talk a good game on the environment, but it’s rather a different story when it comes to their own personal preferences and behaviors. On that note, while a large number of Germans profess to be concerned about the environment, they […]
Trade wars are hitting global confidence
There is now a serious risk that escalating trade disputes between major global players will tip the world economy into recession, warns the Financial Times editorial board in a new op-ed published Friday. The FT opinion chiefs tally a number of ominous trends as we […]
U.S. and Europe must present united front to China
Any country which tries to confront China’s unfair trade policies by itself, including rampant theft of IP and anti-competitive practices, is probably doomed to failure given the sheer size of the Chinese economy — and this judgment also applies to the United States, wielding […]