2 ms·
everything is a tradeoff, look at what happened during the Pandemic when we couldn't get ANY chips because of the supply chain issues. For economics the tradeo
by ren_engineer 4y ago
everything is a tradeoff, look at what happened during the Pandemic when we couldn't get ANY chips because of the supply chain issues.
For economics the tradeoff is between efficiency and resiliency. Global supply chains taking advantage of comparative advantage are efficient but can collapse from a single link in the chain failing. In this case the US is sacrificing cost efficiency for reliability.
Following your strategy is how you end up with Europe relying on Russia for energy, huge long term Black Swan potential in return for marginal savings in the short term