I have a hypothesis that the entire economy is shifting to this regime as a share of transaction volume. Economic value is increasingly a function of transmission “distance” and there is a sort of non-fungible cantillon effect along the distribution pathways of everything.
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I know who she is but I don’t get the connection to cantillon effects and stuff
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the thought wasn’t fully formed, there’s an idle inkling there about what it means for the fact that shipping btw the us and china was so *cheap* for so longgg
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I think the high capex of shipping probably has more effect than monetary policy. Keeping currencies weak for export is too blunt an instrument to keep transportation low cost
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