China: Exporting the Tools of Dictatorship

For more than half a century, American statesmen have been told that the most delicate business with the communists who rule China must be conducted quietly.

Friends, Still recovering from jet lag… Singapore is a long trip… but wanted to share a few observations from my week there. The song for this week was the official anthem for the Singapore’s National Day Parade in 2023.

A break in trade need not be catastrophic—as long as it’s gradual, predictable, and mediated by prices.