All Posts Tagged With: "China"
Don’t Worry About the Yuan
Especially during dismal economic times, many Americans—goaded by media figures and politicians—look with suspicion on foreigners. This tendency is most obvious in anti-immigrant sentiment, but also manifests itself in a drive for protective tariffs and other trade restrictions. Over the past few years China’s “currency manipulation” has been a particularly hot-button issue. Pundits claim the [...]
25May2011 | Robert P. Murphy | 4 comments | ContinuedBoombustology: A Review
Boombustology is a worthwhile read for anyone who seeks a better understanding of business cycles.
25May2011 | Warren C. Gibson | 5 comments | ContinuedChina: Wealth but Not Freedom
When Chinese President Hu Jintao visited Washington earlier this year he received the gracious welcome and state dinner he did not get on his first visit in 2006. He also had some tough discussions on trade, foreign exchange, national security, and human rights. China can be proud of the rapid economic progress it has made [...]
21Apr2011 | James A. Dorn | 2 comments | ContinuedChina: Wealth But Not Freedom
The harmony, stability, and peaceful development that Beijing seeks will be on shaky grounds until the CCP confronts the reality that top-down order is not consistent with human happiness, and that spontaneous order emerges from free markets and a genuine rule of law.
31Jan2011 | James A. Dorn | 8 comments | ContinuedMao: The Unknown Story
In their new book, Mao: The Unknown Story, Jung Chang and Jon Halliday estimate that under Mao Zedong’s rule in China at least 70 million people were killed in one way or another in the name of making a socialist utopia. Jung Chang was a youthful victim of Mao’s Cultural Revolution in the 1960s and [...]
12Jul2010 | Richard M. Ebeling | 0 comments | ContinuedThe Great Chinese Inflation
Inflations have undermined the cultural and economic fabric of society, bringing social chaos and revolution. One example is the Great Chinese Inflation of the 1930s and 1940s. Indeed, the destruction of the Chinese monetary system during this period helped Mao Zedong’s communist movement triumph on the Chinese mainland in 1949. In the nineteenth and early [...]
5Jul2010 | Richard M. Ebeling | 3 comments | ContinuedChina’s Future
The threat to China’s future development is not lack of resources or technology, but the absence of an institutional framework that limits government and protects property rights. It has been 15 years since the Tiananmen Square massacre in June 1989, and 25 years since Deng Xiaoping embarked on economic reform in 1979. China is now [...]
2Jul2010 | James A. Dorn | 0 comments | ContinuedForeign Lenders: Friends Indeed to a U.S. Treasury in Need
When the U.S. government wishes to spend more money than it receives as tax revenue, it covers the shortfall by borrowing, and foreign lenders have become increasingly important sources of such borrowed funds. Reliance on foreign lenders is as old as the republic. Indeed, loans from the French and the Dutch proved critical in keeping [...]
29Jun2010 | Robert Higgs | 2 comments | ContinuedThe Wisdom of Nien Cheng
Nien Cheng, author of Life and Death in Shanghai (1986), died in Washington last November at the age of 94. She was an incredibly courageous woman and the embodiment of grace and wisdom. She loved traditional Chinese culture, but her world was shattered on August 30, 1966, when the Red Guards ransacked her home and, [...]
24Mar2010 | James A. Dorn | 4 comments | ContinuedThe Balance-of-Payments Deficit: Not to Worry
Quick. What’s the trade deficit between California and the rest of the world? Don’t try Googling it because you won’t find an answer. No government agency—or private entity—computes the dollar value of goods that people in the rest of the world sell to or buy from Californians. Why not? Because it doesn’t matter. Yet governments [...]
5Jan2010 | David R. Henderson | 7 comments | ContinuedOn Trade and Currency Manipulation
Americans are importing more from China. Protectionists abhor this fact. Explaining that American imports from China reflect nothing more sinister than the voluntary choices of American consumers does not satisfy simple-minded protectionists. It is sufficient that these imports take business away from some American producers. In the minds of simple-minded protectionists, international trade is harmful [...]
5Jan2010 | Donald J. Boudreaux | 10 comments | ContinuedThe Continuing Fallacy of Government “Creating Jobs”
Adam Smith said it best when he noted that "consumption is the sole end and purpose of all production." Unlike what Reich claims, an economy cannot be oriented solely toward production or solely toward consumption.
25Nov2009 | William L. Anderson | 2 comments | ContinuedLet's Hear It for One-Party Autocracy
One-party autocracy certainly has its drawbacks. But when it is led by a reasonably enlightened group of people, as China is today, it can also have great advantages. That one party can just impose the politically difficult but critically important policies needed to move a society forward in the 21st century. Who wrote that? Thomas [...]
11Sep2009 | Sheldon Richman | 1 comment | ContinuedSay It Ain't So, Jackie!
From the Guardian: Speaking at the Boao Economic Forum on the southern Chinese island of Hainan on Saturday, [actor Jackie] Chan, who was born in Hong Kong, cited the territory as an example of the negative aspects of relaxed controls. “I’m not sure if it’s good to have freedom or not,” the 55-year-old action superstar [...]
20Apr2009 | Sheldon Richman | 0 comments | ContinuedWhen Will the Government Live Within Our Means?
An urgent message to the people of China: Don’t lend the U.S. government another dime. Read the rest here.
24Mar2009 | Sheldon Richman | 0 comments | ContinuedChina’s One-Child Disaster
On February 28 a Reuters news story quoted Zhao Baige, the Chinese vice minister of the National Population and Family Planning Commission (NPFPC), as indicating that the People’s Republic of China might change its “one-child policy.” That population-control policy limits the number of children Chinese couples are legally permitted to have. The default number is [...]
1Jun2008 | Wendy McElroy | 5 comments | ContinuedFreedom and the Right of Self-Determination
The most guarded prerogative of every government is its legitimized monopoly over the use of force within its territorial jurisdiction. The second most important prerogative is its exclusive control over all its territory. By implication, governments therefore claim an exclusive right over the political, economic, and cultural destinies of the people under their control. If [...]
1May2008 | Richard M. Ebeling | 1 comment | Continued-
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