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Just look at the stats of the countries of the world. Imagine if aliens came down tomorrow and erected huge, impenetrable walls along all of the borders of the
by ianai 3y ago
Just look at the stats of the countries of the world. Imagine if aliens came down tomorrow and erected huge, impenetrable walls along all of the borders of the world. The problem the US would have is what to do with all of the stuff it usually exports. It produces enough corn to feed well over 2 billion people per year. It’s also the top producer of soy and lots of other stuff. It also has rare earth minerals - left untouched due to economic reasons. And leaving those resources untapped means eventually employing them will benefit from the latest, safest, cleanest tech. It basically has it all, including oil.
The US just had an awesome jobs report. The last several economic indicators were strong and stronger than much of the world. Does it have problems? Sure. As Churchill said (awful paraphrase)“can always count on the US to do the right thing after they try all the wrong ones.”
Any serious talk of US debt needs to delve deep into the world of international trade and current accounts. It actually sort of reminds me of the worst parts of writing firewall rules…