The Importance of Political Solutions in the Global Economy

In the real economy if I have a shipment today and I'm sending it from China Russia to China I expected to get there right just like I expect to have change of deposit to a currency at a bank So that's par. If you have a world where the geopolitical stability is breaking down, you can't really assume that anymore because maybe That shipment gets confiscated by pirates or maybe by somebody's military so that par is broken. There's no easy way to fix them and they have inflationary implications And so I think Zolta's macro picture is that this is going to be very inflationary Because fundamentally you're changing the global order all these disruptions that were happening in the real economy by