If the Chinese Are Producing, the World Is Growing

The problem with economics is the economists. They arguably understand what powers economic growth the least.

Consider “World Pays a Price for China’s Growth,” the latest piece by Wall Street Journal columnist Greg Ip. In it, the non-economist (that’s not a knock on him) in Ip wrote that “Even as the U.S. rolls out tariffs, its imports are up 10% so far this year from a year earlier,” while China’s are down 3%. Translating Ip’s agitation, “China” is exporting in growing amounts “while imports have flatlined.” Ip contends that China is “pursuing a ‘beggar thy neighbor’ growth model at everyone else’s expense.” Naaaah.