There's a seventh resaon, perhaps the most important of all. The government is spending an amazing amount of borrowed money, beyond all previous peacetime records, and the financial markets are … (View Post)

What a stunning success that's been in China. At least it wasn't to help them stop pandemics or anything even more unintentionally ironic. (View Post)

Nobody has ever said it is the be-all and end-all. But the fact is that the EU is about nine times as important to our trade as you'd think it would be from population alone, which you used to m… (View Post)

The example is an unfortunate one for your case, since the EU-27, with 6% of the world's population, make up about 45% of our foreign trade. Just read Mankiw for the classic list of factors dete… (View Post)

It is not enough for a convincing argument, though it may be enough to fool some of the more gullible. Population size is not the most relevant factor in calculating trade flows. Size of the economy … (View Post)