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But a little too late still. It's not nearly massive enough -- even the most crude mental exercise: China has ~4x the population of the US, so the US needs to

by bfung 4y ago

But a little too late still. It's not nearly massive enough -- even the most crude mental exercise: China has ~4x the population of the US, so the US needs to 4x current onshore output levels while keeping prices low to meet demand to prevent inflation.

nyokodo 4y ago
> the US needs to 4x current onshore output levels No it doesn’t. Firstly, it’s not just the US but Mexico and Canada also which is another roughly 170 million people. Secondly, the North American system only needs to produce enough for itself and perhaps its allies. Supporting the whole globe in the way China does is not going to happen, i.e. in a (even by US standards) hyper-financed fashion while ignoring profit and basic sustainability.