(1) #National #security is not free, you have to pay for it, either in blood or in ST economic welfare. (2) As for trade deficit & macro equilibrium, they don't teach about China's "socialist market economy" in graduate school, nor do they incorporate it in trade models
https://twitter.com/sumanbery/status/1290177716365348864
2/ccp Intellectuals sitting 1000s of Km away (in rich cntrys) can pontificate, we have to choose, either to pay in blood by defending militarily against #CCPaggression on border, or develop cost effective economic strategy to retaliate. This requires understanding #CCPchinaInc
3/ccp This is not an Oxbridge society debate or a video game. This is serious aggression against India. A "Teach these upstarts a lesson" moment (prepare for multifaceted war, instead of scoring brownie points):
https://twitter.com/srilankaglobal/status/1290109370773073920?s=21https://t.co/YcAKs8mSKH
4/ccp In this context, the #Quad can play a central role, by developing a joint trade and technology framework (#DualisticTrdPol) for shifting all critical supply chains out of China and into the Quad countries. Once framework is ready it could be expanded to #Quad+
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