economics

Noah Smith, author of the economics Substack Noahpinion, often refers to a common trajectory in Chinese manufacturing as the “China Cycle”1:

1. A multinational company puts its factories in China, lured by some combination of cheap production, big contracts, and the dream of huge market opportunities.




2. China appropriates the multinational company’s

The U.S. economy had suffered four recessions since 1970. Three of the four—those that took place in 1974, 1980, and 1990—were accompanied by surging oil prices. Nine years later, surging oil prices in 1999 contributed to the onset of another recession and, in the process, helped burst the bubble in the Nasdaq market.)

Population Increase = 61.98%

GNI Per Capita Increase = 287.44%

As we can see, although India has experienced high population growth, its GNI per capita has increased at a faster rate. As a result, the quality of life in India has risen. This has given India more options for pursuing economic growth. As we discussed last week, energy = life, and

Under the current global monetary system that came into effect in 1971, the dollar has had three major cycles of weakness and strength, and each one of these cycles of strength has caused a global short squeeze, leading to financial crises, and impeding growth until resolved. Nations that have the least foreign-exchange reserves and/or the most

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taxes were the most popular economic platform of the 1920s, and anyone suggesting a hike was pushed aside.

China’s economic planners have failed to recognize that the real driving force of innovation is disruption. To truly foster this kind of creativity, entrepreneurs would need unfettered access to domestic capital markets and private capital, a situation that would undermine Beijing’s control of China’s business elites. Without the possibility of

Over the course of the war the U.S. produced around 5,600 cargo ships, 80,000 landing craft, 2.4 million trucks, 2.6 million machine guns, and 41 billion rounds of ammunition.