His ideas were promoted with evangelical fervor in the 1970s particularly by two economists: Arthur Laffer, who became known for the “Laffer curve,” postulating that lower tax rates would generate higher government revenues, and Jude Wanniski, an editorial writer for The Wall Street Journal, whose opinion pages took up Professor Mundell’s cause after a series of lunches and … [Read more...] about Robert A. Mundell, a Father of the Euro and Reaganomics, Dies at 88
International Trade and World Market
How Brexit Ruined Easter for Britain’s Chocolate Makers
“We’d been told the product would arrive in France, so we put Calais as the point of entry. It went to Rotterdam, where it sat for six weeks,” he said. “Chocolate. Sitting in a warehouse. For six weeks.”Through a shipping agent, he managed to get the import duty dropped. He learned a lesson about filling out forms, but that expertise won’t help him much.“It’s impossible to find … [Read more...] about How Brexit Ruined Easter for Britain’s Chocolate Makers
America’s Record-Setting Stimulus Could Power a Rebound in Other Countries
Washington’s robust spending in response to the coronavirus crisis is helping to pull the United States out of its sharpest economic slump in decades, funneling trillions of dollars to Americans’ checking accounts and to businesses.Now, the rest of the world is expected to benefit, too.Global forecasters are predicting that the United States and its record-setting stimulus … [Read more...] about America’s Record-Setting Stimulus Could Power a Rebound in Other Countries
The Agency at the Center of America’s Tech Fight With China
“When you start cutting off capital profits that can flow into R&D, many of them coming from the huge Chinese market, you really undermine our ability to stay at the tip of the spear in terms of semiconductor innovation,” Mr. Neuffer said.“The sense of urgency in recent years inclined our leadership to make decisions without reference to what industry thought,” said Daniel … [Read more...] about The Agency at the Center of America’s Tech Fight With China
E.U. Set to Curb Covid Vaccine Exports for 6 Weeks
BRUSSELS — The European Union is finalizing emergency legislation that will give it broad powers to curb exports for the next six weeks of Covid-19 vaccines manufactured in the bloc, a sharp escalation in its response to supply shortages at home that have created a political maelstrom amid a rising third wave on the continent.The draft legislation, which is set to be made … [Read more...] about E.U. Set to Curb Covid Vaccine Exports for 6 Weeks