The American TFP

Is the World Economy Trapped in a “Death Spiral”?

by John Horvat II December 16, 2020February 16, 2016

Everybody is looking for ways to describe the dire state of the world economy. Some have used Crisis with a capital C, a sinking Titanic or a perfect storm. These are all dramatic expressions to describe a very serious situation. However, the latest metaphor being used is even more dramatic. Leading economists … Read more

Trouble Brewing in China

by John Horvat II February 9, 2021August 22, 2007

For decades, American businessmen have been outsourcing production and setting up factories in Communist China. They cite a large and industrious work force with minimal labor costs as the reason that supposedly allows them to manufacture a product at the lowest possible costs. American manufacturers employing American workers are hard-pressed to compete. … Read more