Tag: economic dominance
Tariffs and Wars: A Look at the Era of Mercantilism
Reading Time: 2 minutesUntil recently, the dangers of tariffs have been common knowledge. They undermine competition (by protecting companies from competition), highly inflationary, undermine product quality, and lead to wars. Yes, wars. Many histories blame […]
Why China’s Economy May Never Surpass the United States
Reading Time: 3 minutesIn the late 1990s, economists at the International Monetary Fund made a bold prediction: China’s rapid economic growth could potentially outpace that of the United States by 2017. However, that […]