China’s government has far more control over the country’s economy than our government has over ours, and it is moving from export dependence to a
For Obama, the Trans-Pacific Partnership agreement – unilaterally abrogated by Trump – was part of the ‘pivot to Asia,’ a re-assertion of the role of
I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps
The Clinton years were not an economic Nirvana; as chairman of the president’s Council of Economic Advisers during part of this time, I’m all too
We could have managed globalization in ways that ordinary citizens would have benefited rather than just the corporations. Trade is beneficial. There are gains to
People at the top spend less money than those at the bottom, so when you have redistribution toward the top, aggregate demand goes down. Unless
My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by
To someone like me, who has watched trade negotiations closely for more than a quarter-century, it is clear that U.S. trade negotiators got most of
The bank bailout should have been more focused on helping small and medium sized banks, on helping homeowners. I think the trade agreements are a
I began my career as a physicist. And in the White House, my buddies were the people from the White House office of science and
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