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My Thoughts on Tariffs, Economic History, and the Market Decline

The Morgan Housel Podcast

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Specialization in Global Labor: U.S. Strengths vs. International Competencies

This chapter explores the strengths of U.S. labor specialization in entrepreneurship and high-end manufacturing, particularly in juxtaposition to other nations' mass production capabilities. It uses the iPhone as a case study to illustrate the contrast between American creativity and Chinese efficiency within the context of international trade.

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