Is China Now Number One? — J. Barkley Rosser

Summary:
PPP versus GDP, and other economic factors.Barkley Rosser asserts that the US is militarily superior. That is true on paper, but there is more to war fighting than numbers on paper, especially funds spent. The US no longer has a decisive military advantage over China strategically or tactically, especially if Russia were to get involved logistically. Oh wait, Russia is already involved logistically. Getting involved in a kinetic war with China would be insane. (Game theory, which is big in military analysis, assumes rationality.) EconospeakIs China Now Number One?J. Barkley Rosser | Professor of Economics and Business Administration James Madison University

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes When usefulness is more important than precision

Bill Haskell writes The Plan to destroy Obamacare

NewDealdemocrat writes The ISM services index, measuring 75% of the economy, sounds an ‘all clear’ – for now, anyway

Joel Eissenberg writes High fructose corn syrup and your health