A simple thought or two on Ukraine and Putin's food ban, http://marginalrevolution.com/marginalrevolution/2014/08/ian-bremer-on-ukraine-and-an-observation-on-putins-food-import-ban.html …, cite to @ianbremmer
1/ @tylercowen makes an excellent point about elasticities in short and long terms, especially re food. http://marginalrevolution.com/marginalrevolution/2014/08/ian-bremer-on-ukraine-and-an-observation-on-putins-food-import-ban.html …
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2/ thinking re such things has caused me to drift slightly more protectionist over last 5-10 yrs from ancap. e.g. electronics
@tylercowen -
3/ in steady state peace we want to buy electronics & steel from Chinese bc comparitive advantage. But it's fragile (cf Taleb).
@tylercowen - Show replies
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@MorlockP@tylercowen See also: Roman empire importing grain. Whoops.Thanks. Twitter will use this to make your timeline better. UndoUndo
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