Macro Musings with David Beckworth cover image

Scott Lincicome on the Trump Trade War

Macro Musings with David Beckworth

CHAPTER

The Value of Intangibles in a Changing Economy

This chapter examines the intricacies of international investment and trade, focusing on the need to value both tangible goods and intangible assets like technology. It argues against the common belief that physical manufacturing is the sole path to economic success, emphasizing the critical role of innovation for future growth and defense.

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