There Was No Housing Bubble and Everyone Agrees We Have to Crack Down On China's Practices on Intellectual Property

I am speaking here in my capacity as “no one,” as in “no one saw the housing bubble and the risks it posed to the economy.” The reason for my comeback is the new consensus that we have to do something about China’s “bad practices,” which generally mean its lack of respect for the intellectual property claims of U.S. corporations.

This Washington Post piece gives us a good example, telling us:

“There is now a wide consensus in the United States to challenge China on its worst actions. After...