Name: I WAS WRONG - Some Inefficiency Makes America Better Off
Uploaded: 2021-03-29T11:58:40+00:00
Duration: 4 min 6 s
Description: Today I issue a mea culpa, having long been an advocate of efficiency across the board, I now realize that for a nation state, overall There is a greater long-term expected value with embracing some i

4 years ago

Efficiency inefficiency and efficiency in the system China manufacturing in America exporting jobs to China manufacturing in China antibiotics antibiotics made in China PPNE equipment embracing in efficiency

Today I issue a mea culpa, having long been an advocate of efficiency across the board, I now realize that for a nation state, overall There is a greater long-term expected value with embracing some in efficiency in the short run, versus exporting all manufacturing of critical goods, medicines, and infrastructure, to the Chinese. Here is the case for some in efficiency in the system.

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