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
Will France Edge Out the U.S. To Become Saudi Arabia’s Closest Ally?
- Published on Saturday, August 15, 2015
Influential members of the Saudi Arabian government believe that the United States — the kingdom’s most valuable strategic ally since 1945 — has abandoned Riyadh on a host of regional issues, most notably Iran’s nuclear program. As the Saudis respond by seeking to enhance their political and economic relations with countries other than the United States, France sees an opportunity to supplant Washington as Riyadh’s closest ally.
How Foreign Trade Negotiators Can Help U.S. Ports
- Published on Saturday, August 15, 2015
The United States is currently engaged in a number of far-reaching trade talks. However these agreements end up, Americans at least can rest assured that their economic interests are well represented … at least by the foreign negotiators. To be sure, the U.S. negotiators in the Transatlantic Trade and Investment Partnership, the Trans-Pacific Partnership, and the Trade in Services Agreement want to open overseas markets for American companies.
The Fed’s Trade-Off between Inflation and Jobs Is a Myth
- Published on Friday, August 14, 2015
The idea that there’s a trade-off between inflation and unemployment seems embedded in the Federal Reserve’s psyche. The Fed has not increased its benchmark federal funds target rate since 2006. It’s waiting to see if a tighter labor market will push up wages and prices, so the Fed can achieve both full employment and its inflation target of 2 percent.
Who Really Gets Hurt by China’s Currency Devaluation
- Published on Thursday, August 13, 2015
The surprise move by the People’s Bank of China (PBOC) to weaken the Chinese yuan by nearly two percent against the U.S. dollar on August 11th was met globally with shock. Red ink was flowing on Wall Street and on stock markets worldwide. The effects are sure to hit Main Street in the coming weeks and months. Why did the PBOC act now?
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