Key Insights on Economics

We're in Cold War II between US and China, but with much deeper economic ties than the US-Soviet relationship ever had

• Trump's approval rating has fallen to about 39% according to recent FT polling, dragged down by wars and inflation
• "The bond market tends to be cynical. They didn't come out worse," - Alex, explaining why yields stabilized despite sticky inflation remaining above 4%.
• Export controls on AI chips to China remain difficult to enforce despite bipartisan support due to economic pressures
• John Plender warns that the first signs of US economic decline will be a collapsing dollar and an implosion in the Treasury market.
• Romans understood supply and demand but never developed systematic economic reasoning like Adam Smith's theories
• Population decline starting in the 2nd century, combined with monetary inflation, broke the feedback loop between consumption and state tax collection
• Studies found that projected economic decline, not current poverty, motivates political violence as people enter a 'domain of loss'

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