There's an environmental / human rights argument for tariffs against polluting / repressive countries. But that would require targeted tariffs. (View Post)

But its only when those losses hit that you realise how fast they can happen. So many people will decide they need a bigger financial reserve than they previously thought. Which in turn leads to lowe… (View Post)

Isn't a problem that the USA (and to a lesser extent the UK) has is that if you want to increase household savings that you need to reduce inequality ? There being many millions who cannot increase t… (View Post)

Irrespective of how much financial damage to individual people there's also what I would term financial scarring. By this imagine if your financial assets fell by $20k for a couple of years and then … (View Post)

On a different issue have you ever read Eastern Approaches by Fitzroy Maclean: https://en.wikipedia.org/wiki/Eastern_Approaches Its very interesting about 1930s Samarkand and Bokhara. (View Post)