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Joined 1 year ago
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Cake day: July 15th, 2023

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  • By the way, I don’t want to discourage anyone from studying International Affairs (or International Relations or International Political Economy or whatever it is at your school). I’m very happy I did. Reading primary sources and writing papers is a good thing. And we have loads of transcripts of actual world leaders making decisions. At my college, we read both the declassified U.S. cabinet and Soviet side’s actual transcripts during the Cuban missile crisis and I wrote papers about avoiding war.

    I don’t regret studying it. Sometimes, something happens and I can predict it because I’ve read those primary sources. It’s a valuable skill. Peace is the goal.










  • Renminbi would already be a reserve currency if they didn’t have currency controls. The reason the dollar and (to a lesser extent) euro, Swiss franc, etc. serve that role is because no one really has to worry about withdrawing their funds and converting them. China can obviously get there but that sort of trust takes time and probably other reforms in China.

    For the record, I’m not talking about politics or who is good or bad here. I’m just talking about the basic reality of business transactions. Being one of the currencies accepted in global contracts requires a lot of trust.