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
3/ in steady state peace we want to buy electronics & steel from Chinese bc comparitive advantage. But it's fragile (cf Taleb). @tylercowen
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4/ There are asymmetries in elasticity. Trading elastic demand software & services for inelastic demand food is HORRIBLE idea.
@tylercowen -
@MorlockP You're thinking like a collectivist. Who is "we" and why?
End of conversation
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