Thanks to fear mongering on the US presidential campaign trail, the trade debate and its impact on American workers is being distorted at both ends of the political spectrum.From China-bashing on the right to the backlash against the Trans-Pacific Partnership (TPP) on the left, p

Market manipulation has become standard operating procedure in policy circles around the world. All eyes are now on China’s attempts to cope with the collapse of a major equity bubble. But the efforts of Chinese authorities are hardly unique.

The temptations of extrapolation are hard to resist.