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James A. Dorn




James A. Dorn is Vice President for Monetary Studies and Senior Fellow at the Cato Institute. His articles have appeared in The Wall Street Journal, Financial Times and South China Morning Post. He has testified before the U.S.-China Security Review Commission and the Congressional-Executive Commission on China.

James is the Vice President for CATO academic affairs, editor of the Cato Journal, and director of Cato's annual monetary conference. His research interests include trade and human rights, economic reform in China, and the future of money.

www.cato.org

Author Article List



Has China Hit the Great Wall?

China’s stock markets and currency recently incurred precipitous declines. These problems are reflective of much bigger issues that have allowed many Chinese to confuse a rising stock market with a healthy one — and an economic system with a sustainable one. Moving forward, China’s brand of one-party capitalism will continue to incur inescapable difficulties. What does this mean for the future of China? And how does it impact the United States?

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Canadian Economic Slump Spells Trouble for Stephen Harper

In mid-July, Bank of Canada Gov. Stephen Poloz affirmed that the country’s GDP contracted for a second consecutive quarter in the April–June 2015 period, technically meeting the definition of a recession. That is very bad news for Prime Minister Stephen Harper’s CPC government, which will be seeking re-election to a fourth consecutive term at parliamentary elections scheduled for October 19.

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Are U.S. Presidential Candidates Tough or Stupid on China?

Whenever China is mentioned in a presidential campaign, the consequences are rarely good. In 2012 residents of Ohio, where anti-Beijing ads proliferated, might have believed that the campaign hinged on which candidate was tougher on China. Next year U.S. policy toward the People’s Republic of China might become a broader election issue, leading to serious damage in the relationship.

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Markets Will Rule in the Long Run

The Federal Reserve’s unconventional monetary policy has pumped up asset prices by suppressing interest rates and has misallocated capital. It’s time to end the mispricing of assets and let markets determine rates without interference from the Fed. Waiting to normalize monetary policy will further inflate asset bubbles and make the ultimate normalization of rates more costly.

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