Trump Will Make China Great Again

Trump Will Make China Great Again

Despite the latest Sino-American “skinny deal” to ease tensions over trade, technology, and other issues, it is now clear that the world’s two largest economies have entered a new era of sustained competition. How the relationship will evolve depends...
The Anatomy of the Coming Recession

The Anatomy of the Coming Recession

Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through...
The Great Crypto Heist

The Great Crypto Heist

Cryptocurrencies have given rise to an entire new criminal industry, comprising unregulated offshore exchanges, paid propagandists, and an army of scammers looking to fleece retail investors. Yet, despite the overwhelming evidence of rampant fraud and abuse, financial...