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I'm the furthest thing from an economist, but I'm guessing that it feels like we're in a vulnerable position. I.e., that it indicates our "wealth" could be pul
by CoastalCoder 2y ago
I'm the furthest thing from an economist, but I'm guessing that it feels like we're in a vulnerable position.
I.e., that it indicates our "wealth" could be pulled away from us on very short notice.
Contrasted to, e.g the wealth being from sales of some commodity that the rest of the world will need for the next decade: crops, certain metals, or (maybe) oil/LNG.
- sickofparadox 2y agoWell the US is a net exporter on oil and LNG, pretty much even on agriculture and every few months a new "world's largest deposit" of some critical material article comes up.[1,2] So I think we really are debating whether the chicken or the egg came first, and the answer is that dinosaurs were laying eggs before chickens started clucking. [1] https://finance.yahoo.com/news/worlds-largest-deposit-lithium-may-231936498.html https://finance.yahoo.com/news/worlds-largest-deposit-lithiu... [2]https://www.theearthandi.org/post/estimated-2-34-billion-metric-tons-of-rare-earth-minerals-discovered-in-us https://www.theearthandi.org/post/estimated-2-34-billion-met...