No Trade Is Free: Changing Course, Taking on China, and Helping America's Workers

Basically, we engineered a way for the whole world to need dollars (most major oil producers would only sell oil in dollars), and as a result, the forces of supply and demand hold open our trade deficit to provide the rest of the world with dollars.

Export-driven countries like Germany and Japan were able to rise to the occasion on the other side of

... See more

Much of what free trade has brought about is what gets called “the race to the bottom,” the quest for the cheapest possible wages or agricultural production, with consequent losses on countless fronts. The argument is always that such moves make industry more profitable, but it would be more accurate to say that free trade concentrates profit away

... See more

While many focus on our rising interest costs to service our rising debt amounts I dont much care. We pay our interest to our citizens. Our existing debt service costs are mostly just a small symptom of the theft. The big thing to worry about is our primary deficit. That has grown far faster than our interest cost. Each year our primary deficit lay

... See more

4. Digital Trade War