“The roll-up-your-sleeves, can-do, American spirit is not dead yet!” I thought when I read that “New businesses in the United States surged during the pandemic.” The study by Simeon Djankov and Eva Yiwen Zhang at the Petersen Institute notes that new business applications in the US shot up by some 40% during . . .
Are U.S. COVID Outcomes Better than Europe?
Europe has taken a much harsher economic thrashing from COVID-19 than the United States while suffering fewer deaths. How you rate the pandemic performance of these two great polities thus depends on how you value dollars versus deaths. Arguably, the U.S. has done better than Europe.
Eurozone real GDP in April-to-June 2020 was 15.3% . . .
If President Trump wants to bring the economy quickly back to full employment, he will have to confront the Establishment wing of his Republican party. The clash – if it comes – will be over Establishment Republican hostility to government spending. More spending will be needed to bolster an economy staggering under the blows of . . .
All economic data contain errors, but China’s are a work of art. Like its numbers on COVID-19 infections and deaths, its official economic statistics are political artifacts, carefully devised to cloak the failings and trumpet the superiority of China’s one-party political capitalist system over our liberal-democratic . . .
Yahoo Finance's Dion Rabouin wonders Why Trump's trade war hasn't tanked the market or the economy yet:
Business sentiment has been shaken by U.S. President Donald Trump’s escalating trade war with China, the European Union and other countries, financial analysts say. But some are wondering why the impact hasn’t shown up in . . .
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