"Econ 102" with Noah Smith and Erik Torenberg cover image

Case for Biden, Biden vs Trump, China

"Econ 102" with Noah Smith and Erik Torenberg

NOTE

Importance of Domestic Manufacturing for National Security

Maintaining domestic manufacturing capacity is crucial for national security as it allows for the quick repurposing of civilian manufacturing companies to produce essential defense materials during wartime. This was evident during World War II and is a strategy China is likely to adopt. While tariffs may lead to higher consumer prices, they are seen as necessary to ensure the country's ability to produce defense materials independently, providing insurance against defeat in times of war.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner