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😹
Fun
Transcript
00:00Think about the economic consequences of how we're intertwined.
00:0322% of American manufactured goods imports come from China.
00:09So just imagine China became like Russia.
00:13In other words, you say, I don't want to take imports.
00:16So people don't buy their Nikes.
00:17They don't buy their apples.
00:19They don't buy things that are produced in China and so on.
00:22Do you know what that would mean economically for us
00:25in terms of the inflation rate and the consequences
00:27because of how they're intertwined?
00:29Well, the argument would be it hurts China more, we say.
00:31But you say, no, it's mutual destruction, right?
00:35Who cares if it hurts China more?
00:37Yeah.
00:37Right?
00:37Is that a win when it hurts you terribly?
00:41Okay, so when you have a war, both sides lose.
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