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The Importance of Energy Scarcity in the US
I am not convinced that much meaningful de-globalization will actually occur but I'm also like, it could be a sort of relatively modest one-time shock or something. In the short term about a sudden severe break on invasion of Taiwan specifically is my current model. As long as we can not actually start cold warring each other outright and just declaring a blockade but that would be a transitional problem. It would actually be more of a problem for them than it would be for us. We would have problems with certain rare elements and certain specific supply chains. But also, Americans can survive with less stuff for quite a while. The difference between $700 billion and $300 billion or $200