Economics

there is no [obvious] substitute for the US consumer — if Trump succeeds in eliminating the goods deficit, the impact on financial flows and surplus nation manufacturing assets will be massive

Could you explain what the goods deficit is and how it ought to be eliminated?

design OKX • former NFTX • /coyg /football

personally agree and might go so far as to say a goods deficit is generally good / a sign of an advanced economy

at the end of the day, the flows always balance (goods+services+financial). We export a lot of services and attract a lot of financial capital today, unwinding that will be painful

I think the steelman is supply chain fragility / national security. There's definitely some truth to this, like when china briefly shut down mask exports during covid, which would obviously be much worse if there was direct conflict. But.. I don't know that it should be domestic vs just in "allied" nations (and not really sure how that's feasible either tbh)

complicated all around, no answers afaik

goods deficit = importing more [physical] goods than exporting

i don't actually believe it should be eliminated, but it's complicated

This is the alt account of Sister Hazel. Writings at https://powerlaw.systems. Curating https://protocol-particles.github.io.

goods deficit = importing more [physical] goods than exporting

i don't actually believe it should be eliminated, but it's complicated https://warpcast.com/w/0x9cedfbfe