The World Lines Up Against The US

The United States starts a tariff war with China. Japan and Germany jump at the chance to gain market share in China’s booming auto industry and boost their capacity in China, the world’s fastest-growing passenger car market.

The United … Read More

Open Letter To Larry Kudlow: You Need A Different China Strategy

Dear Larry: China threatens American preeminence and President Trump is right to worry about it. But you’re going about it the wrong way, and your approach will produce results very different from what you expect or want.

When you say: … Read More

Consumption Is America’s Achilles’ Heel In A Trade War

US household budgets are so stretched that relatively small price increases cause a reduction in spending. That already is clear from consumer response to rising oil prices.

If the Trump administration’s tariffs on Chinese and other imports turn into noticeable … Read More

The Idiocracy Has Overthrown Us

The Republican Establishment cannot help but err because its intellectual foundations are flawed. There is broad conservative intellectual consensus which harks back to T.S. Eliot and Matthew Arnold (via thinkers as diverse as Russell Kirk and Lionel Trilling). Arnold’s passion … Read More