Conversation
I am looking for what caused that to happen. Naive view is that globalization is good because it leverages comparative advantage
2
On the other hand, do we really need $10 T shirts at H&M, or would it be so bad if iPhones were $20 more expensive?
3
my general belief is that this era of tribal nationalism vs cosmopolitanism is a 3-4-decade late reaction to done deals
1
1
2
can it be reversed? Can we go back to $25 shirts instead of $10, and slightly more expensive electronics?
1
I think it's a mistake to think at consumer price index levels. When those go weird, you're already in Venezuela.
2
1
rewind scenarios should be considered in terms of sovereign debt, exchange rates. $25 shirts = post bond-default question

