Conversation

Replying to
2/ It's a strong and credible narrative, and better than many extremely alarmist ones, but you have to be aware of its limitations.
2
3
Replying to
3/ There are two main problems with the "market likes trump --> all is good" story: externalities and insurance costs.
3
4
Replying to
5/ (And here I don't mean just Muslim countries: reputatational damage means the US loses cream of talent from everywhere)
1
6
Replying to
6/ Insurance costs: "things are fine" doesn't happen by magic.Checks and balances work because some pay disproportionately to ensure they do
1
6
Show replies