3 ms·
I agree that the tariffs and trade embargoes are destructive. However I'm not convinced that the central planning policies are optimal either. The US's over-fin
by palmfacehn 2y ago
I agree that the tariffs and trade embargoes are destructive. However I'm not convinced that the central planning policies are optimal either. The US's over-financialization can be viewed as a destructive policy of the central bank. It is also worth noting that China has tariffs, capital controls and a central bank incentivizing misallocations in the real estate sector.
In short, it is all bad, all around with some areas of "less bad".