Tag Archives: Free Trade

Krugman is Anti-Jobs

The only conclusion one can draw by reading NYT columnist Paul Krugman is that he is anti-economic and anti-job growth. No country has ever trade-sanctioned its way to prosperity.

On June 24th, NYT Op-Ed columnist Paul Krugman wrote a piece entitled, “The Renminbi Runaround.” In it, he reviews the recent Chinese announcement of currency flexibility, but Krugman believes it’s a joke with no meaningful change to the value of the renminbi.

He concludes by saying, “So what comes next? China’s government is clearly trying to string the rest of us along, putting off action until something — it’s hard to … …READ MORE

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China + Free Trade=Jobs

Thursday, President Obama addressed the key subject of US trade policy. Last year, the Obama administration set a goal of adding two million jobs to the economy by doubling exports in the next five years. The added benefit is that export related jobs are generally higher paying than domestically focused work with the likely exception of government jobs. Last October, I met with senior US Treasury officials who adamantly supported this approach.

Yesterday, we also got the US trade deficit number for the month of January which improved 6.5% to -37.3 billion. The breakdown by region in billions tells the … …READ MORE

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