Money Archives - Page 15 of 27 - Pittsburgh Quarterly

The final leg in our Cold War II stool is the containment of China diplomatically. To make the point that China no longer has a free pass, the first step in the West’s diplomatic offensive needs to be focused on Taiwan. Assuming that the West’s military containment of China has succeeded in confining the country inside …

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Creative Capital

The Perils Facing China

by Greg Curtis

As global trade retreats and is replaced by regional trading blocs, power will flow to those countries that are most self-reliant. By self-reliant, I mean countries that are best able to a) maintain vigorous economic growth without relying excessively on exports; b) feed their populations without importing vast amounts of food; and c) be more or …

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Creative Capital

China is Destined to Fall Behind

by Greg Curtis

Whatever happens with my proposal that the West launch Cold War II, the next three decades will be far less friendly to the Chinese economy than the past three decades have been. There are three reasons for this. First, there is what we might call “the law of large economies.” It’s relatively easy for a …

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Creative Capital

Containing China Economically

by Greg Curtis

Assuming that we can summon the courage to contain Beijing militarily, the next leg of the containment stool is to restrain China economically. Military containment will prevent China from overrunning other lands and peoples, but only economic containment can bring the Chinese Communist Party to its knees (or its senses). In Cold War I, it was …

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Creative Capital

The Argument for Containing China

by Greg Curtis

“In the Indo-Pacific region, China wants complete dominance; it wants to force the United States out and become the region’s unchallenged political, economic, and military hegemon. And globally … it wants to be powerful enough to counter Washington when needed.” –Oriana Skylar Mastro, Foreign Affairs We are talking about how a cold war between China and …

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Creative Capital

U.S & China: Setting the Record Straight

by Greg Curtis

In April of 2017, as Donald Trump and Xi Jinping were preparing to meet, a group of academics, policy wonks and former diplomats took out a full-page ad in the New York Times. The wonks warned the U.S. against falling into the “Thucydides Trap.” The ad explained the Thucydides Trap as arising when a dominant power …

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Creative Capital

Fed Cred: The Quailing Central Bank and What it Means

by Greg Curtis

It’s been a long time since I berated my friends at the Fed, and my typing fingers are getting itchy. So I’m interrupting my Cold War II series for a little pleasant Fed-bashing. Part of the reason for my (uncharacteristic) forbearance is that I thought Jay Powell was mostly doing the right things. He’d been …

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Creative Capital

Why China Is Ready to Fall Apart

by Greg Curtis

In the 1980s, almost four decades into Cold War I, President Reagan dramatically ratcheted up the pressure on the Soviet Union by expanding and modernizing the U.S. military and launching his famous “Star Wars” (Strategic Defense) Initiative. The policy apparatus in the West went berserk. Reagan was, they claimed, wildly escalating the Cold War. The …

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Creative Capital

The Trouble with China

by Greg Curtis

Virtually every American policymaker believed that the collapse of the USSR marked “the end of history.” Ever since the dawn of human civilization, hostile societies had vied for supremacy, resulting in war after war. But, it was thought, the break-up of the main sponsor of Communism demonstrated that there were simply no political ideas that …

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Creative Capital

Outlasting the Russians

by Greg Curtis

Within a period of four months in 1945, both Germany (in May) and Japan (in September) surrendered. At that time the Allies controlled most of the world, including Western Europe, while the Soviets controlled Eastern Europe. The USSR had been our “ally” during the war only in the narrowest sense of the word. Stalin had …

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Creative Capital

Cold War II

by Greg Curtis

Roughly five years ago, my book, “The Stewardship of Wealth,” was published in the U.S. Almost immediately, it was translated into Chinese and was being readied for publication by Tsinghua University Press in Beijing. But then one day—actually, it was nearly midnight—I received a frantic call. It seemed that there was a teensy-weensy problem: the Chinese …

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Creative Capital

The Value of Living Separately

by Greg Curtis

We’ve talked a lot about De Rarum Natura, but we haven’t actually experienced the poem in these pages. There’s a reason for that—poor Lucretius has been unlucky in his translators. The vast majority of the DRN translations have been made by Latin scholars. These renderings are technically accurate and have the merit of passing along …

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Innovation

Girl on the Move

by Lenore Blum

I arrived at the Carnegie Institute of Technology in the fall of 1959 as a 16-year-old first year student in the architecture department in the College of Fine Arts. I had chosen architecture because I loved art and math ever since I was a kid, and architecture seemed like the perfect combination. Besides, I lived …

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Creative Capital

Time Warp with Lucretius

by Greg Curtis

Lucretius lived and wrote a long time ago. Indeed, if we wanted to, we could calculate how much time has passed since De Rerum Natura was completed in 50 BCE—how many centuries, years, months, weeks, days, hours, minutes, seconds. (But don’t bother. It was 20 centuries, 2,079 years, 24,948 months, 759,355 days, 18,224,520 hours, 1,093,471,200 minutes, and 65,608,272,000 seconds—i.e., a …

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Creative Capital

On Lucretius, Part II: Why His Poem Was so Great

by Greg Curtis

“The greatest poem by the greatest poet.” —Dryden on De Rerum Natura and Lucretius ”Carmina sublimis tunc sunt peritura Lucreti / exitio terras cum dabit una dies.” —Ovid [“The verses of the sublime Lucretius/will perish only when a day will bring the end of the world.”] What exactly was it that made De Rerum Natura, or DRN, so remarkable? …

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Creative Capital

On Lucretius: The Man Who Changed the World

by Greg Curtis

One happy day in the year 1417, with the mind of Europe still firmly in the grip of the Dark Ages, a fellow named Poggio Bracciolini was mucking around in the Benedictine library at Fulda in present-day Germany. He reached out his hand and pulled off the musty shelves a volume which, to his astonishment, …

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Creative Capital

We Are Forever Grateful for Your Sacrifices, Part II

by Greg Curtis

Amazingly, I passed all my first year law school exams (okay, by the skin of my teeth), and that fall I was back in Cambridge ready to start my second year at Harvard Law. But they wouldn’t let me register for classes because I couldn’t pay the (staggering) tuition. When I’d started my first year …

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Creative Capital

We Are Forever Grateful for Your Sacrifices

by Greg Curtis

“Thank you to all of our alumni veterans for your service. We are forever grateful for your sacrifices.” – Email received on Veterans Day by Your Humble Blogger from Harvard Law School When that email landed in my inbox I was at first both surprised and pleased. After all, Harvard University has been, for half …

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Creative Capital

Spitting Into the Wind, Part III

by Greg Curtis

I’m perfectly well aware that Noel Coward once remarked that reading a footnote is like having to stop making love so you can go downstairs to answer the door. But what did he know? I love footnotes. In his (much over-praised) book, “Infinite Jest,” David Foster Wallace included almost 100 pages of footnotes, which was terrific. Unfortunately, he …

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Innovation

Herbert Simon: 20th Century Galileo

by James H. Morris

James H. Morris is a retired professor of computer science and dean of the School of Computer Science as well as the Silicon Valley campus of Carnegie Mellon University. In a series of blogs for Pittsburgh Quarterly he writes about some of the computing pioneers he encountered during his career. Although he was less approachable …

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Creative Capital

Bloggy, Blog Blog…

by Greg Curtis

We’re talking about my blog—blogging about blogging, talk about a navel-gazing exercise—and also about the book of blog posts that I just published. Selection criteria Since there exist, as of this moment, well over 300 of my blog posts, averaging 1,000 words each, I couldn’t simply publish all of them. That would result in a …

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Innovation

Raj Reddy: Modern Circumnavigator

by James H. Morris

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