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Correspondant à ces filtres : 5 articles
Articles
- PerspectiveEconomic Security
Tell a ministry where to look, not where to go
Advice that names a destination expires the day the evidence moves. The six files behind any recommendation about the American economy carry six different as-of dates, and a ministry that was handed the conclusion cannot tell which one broke.
- PerspectiveEconomic Security
Openness and security are being reconciled by narrowing one channel at both ends rather than by closing the economy
Two-way U.S. goods trade with mainland China ran at 58 billion dollars a month in 2022 and 35 billion in 2025, a fall of 39.7 percent, while total imports and exports of goods and services both rose across the same three years. The channel narrowed at both ends, and no series cited here records whether a screen decided any of it.
- PerspectiveEconomic Security
Commodity dependence is an exposure in the budget, and the conversion that ends it runs slower than the price cycle
Texas raises more severance tax than any other state, 8.00 billion dollars, and that is 8.9 percent of what Texas collects; the same tax is 47.2 percent of North Dakota's. The exposure therefore sits in the size of the rest of the base, and the spending that would widen one moves slowly: factory construction rose for four years, then fell.
- PerspectiveEconomic Security
A supply chain is governed on private books, and the public statistics reach only its edges
American business held an average of 2,663 billion dollars of inventory across 2025, 35.1 percent above 2020, and that buffer is the working instrument of resilience. The series records its size and nothing else: not who holds it, not against which supplier, not where the next tier sits.
- PerspectiveIndustrial Policy
Each instrument of economic statecraft has its own published series and the doctrine meant to rank them has none
Construction spending on manufacturing plant ran at 75 billion dollars a year in 2020 and 215 in 2025, while manufacturing output on a 2017 base of 100 ended the window at 97.3. Every instrument of statecraft has a published series, and the ranking that says which instrument yields when two collide has none.