@semil @VarunJuice is that a case against globalization or just an ethnography of trump types?
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I am looking for what caused that to happen. Naive view is that globalization is good because it leverages comparative advantage
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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?
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Replying to @VarunJuice @semil
my general belief is that this era of tribal nationalism vs cosmopolitanism is a 3-4-decade late reaction to done deals
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can it be reversed? Can we go back to $25 shirts instead of $10, and slightly more expensive electronics?
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Replying to @VarunJuice @semil
I think it's a mistake to think at consumer price index levels. When those go weird, you're already in Venezuela.
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rewind scenarios should be considered in terms of sovereign debt, exchange rates. $25 shirts = post bond-default question
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