Megan McArdle

Megan McArdle

@asymmetricinfo · Twitter ·

Everyone is saying this quiet part out loud and the problem with this theory is that protected industries more often turn into coddled also-rans than world-leading colossuses, particularly when your country is already at the technology frontier, rather than playing catchup to ruthlessly competitive developed-world industries.

Beff (e/acc)

Beff (e/acc)

I'm going to say the quiet part out loud. Tariffs are necessary to focus the economy on reshoring the American industry base in preparation for a hot war in the coming years.