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But driving up the costs is a good thing in the big picture because negative externalities are artificially suppressed, the environmental, social and geopolitic
by tarsinge 2y ago
But driving up the costs is a good thing in the big picture because negative externalities are artificially suppressed, the environmental, social and geopolitical cost of having cheap electronics and crap from China is way more high than anticipated. 1929 was another world, and economists have yet to update their view to the 21st century, GDP only is not the end goal.
- llamaimperative 2y agoThis is not the bargain people made in voting for Trump.
- seanmcdirmid 2y agoI didn't realize a vote for Trump was a vote for selfless austerity. Macro-economics is hard, but seizing up world trade is one well known easy way to ignite an actual depression, not just the kind-of-but-not-really recession we had under Biden.