Tuesday, March 6, 2018

Who Really Wants to Defend Dumping as a Trade Practice?

Here's the simple recipe for building your country's economy at the expense of another:

Stir in subsidies to your steel and aluminum plants.

Dump the product on other countries.

Wait as you watch that other country, fearing retaliation, do nothing.

Fold that other country's steel and aluminum plants out of business.  Forever.

Raise prices after your competition is gone.

Dumping is unfair trade.  Always.

Given a level playing field and fair trade, our steel and aluminum plants can compete.

Tariffs are a tool in the fair trade business that sometimes need to be deployed to level the playing field and take the long term view.  President Trump is using the pragmatic tools of negotiation.

In the long-term, the consumer benefits from fair prices (albeit not subsidized in the short term) and our country retains the ability to domestically provide an absolutely essential ingredient for national defense--metal making.

I can defend pragmatic tariffs.  Who really wants to defend dumping?

Thursday, February 22, 2018

The Next Smart City Is. . .A Suburb

Two pieces out there on autonomous vehicles and what they mean for suburbs--places like Newark, Ohio--are music to the ears for suburban economic development-minded folks.

Joel Kotkin writes in summation of both pieces: "By one estimate, as much as a trillion dollars of real estate value could swing to locations far from job centers that will become more attractive due to autonomous vehicles."

"Autonomous Cars Are About to Change the Suburbs" is in Forbes.  

Medium.com has a piece titled "~$1 Trillion of Real Estate is On The Move. . .Here's Why."

Must reads.

Monday, February 12, 2018

More Than Talking About Infrastructure

The President mentioned it briefly in the State of the Union.  More mention comes today.

The Washington Post previews the $1.5 trillion infrastructure plan with a piece that has a bias expecting there to be more talk than walk on the topic.

Here's hoping we are more than talking about infrastructure.