January 16, 2018 — There are lots of measures of inequality. If we are interested only in income distribution within the United States, it doesn’t matter much which one we look at: They all show rising inequality, as noted in my preceding blogpost. But when we look at inequality internationally, which measure we look at makes all the difference. Continue reading
August 29, 2017 — Americans have under-estimated the nuclear threat from North Korea and misunderstood what policies would reduce it. At the same time they have over-estimated the importance of bilateral trade deficits with China and misunderstood what policies would reduce them. Now these two different issues intersect.
(August 27, 2017) — Donald Trump has threatened new trade barriers against China while simultaneously depending on Beijing’s help to rein in North Korea’s alarming nuclear weapons program. These two aspects of US policy toward China are at odds. Continue reading