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> but this means giving up on doing other things you could use the resources for. Aka giving up the security and being more vulnerable to volatility. The pend
by lotsofpulp 2y ago
> but this means giving up on doing other things you could use the resources for.
Aka giving up the security and being more vulnerable to volatility. The pendulum can swing too far, as resilience cannot be measured in dollars.
- mlyle 2y agoSure. As I pointed out, something like the CHIPS Act may be good for US resilience and national security, but is unlikely to be good for US economic output.
- _DeadFred_ 2y agoUp until recently we all naively believed 'a rising tide lifts all ships' meant we'd all choose to get along and everyone would benefit.
- t-3 2y agoIt wasn't a naive belief, people did choose to get along economically and everyone benefited. The naive part is thinking that economic interdependence means political submission and that political and economic development are necessarily related.