Basics of Capital Flows Continue to Elude Oren Cass

TweetIn my latest column for AIER I address in more detail Oren Cass’s mistaken claim that a policy of free trade unleashes the ‘negative externality’ of failing to adequately account for the value of an economy’s industrial base. Two slices: John Deere, for example, needs factory space, energy, technical know-how, and access to steel and […] Read Full Article »