…could even rationalize it. You could talk about monetary policy, or, likely, you talk about fiscal policy. We were over-spending all this time, what about exchange-rate policy, what about Chinese…

…benefits in exchange for the pittance of slightly higher taxes on the upper crust. The article goes even further astray at the end with its label of a “two-part deal”…

…reason for this divergence tells us much about the reasons for the President’s opposition to economic globalization. President Trump has complained about exchange rates, particularly those of China and Germany,…

It’s really hard to kill this meme. Note the label on this graph from today’s Free Exchange post: Now change that heading to read “Business borrowing.” Sort of gives a…

…these countries could not devalue their exchange rates, labor costs had to come down to make their exports competitive. But despite the declines in wages, there has been no corresponding…

…the PBM stands in between the patient and the manufacturer. The manufacturer, as a result, has a lot of incentives to cough up big fees and concessions in exchange for…