21–26 of 26 posts
"At this point the US is the undisputed leader in almost nothing except military tech." That's just ridiculous. Internet, software, airplanes, medical equipment, computers, entertainment, the list goes on.
This piece is rather poorly reasoned. It matters very little what currency oil is priced in...oil is re-priced constantly (as is the dollar), and the dollar can readily and immediately be exchanged with euro or yen or most anything else in massive global forex markets. I can just as easily price oil in euros or in ounces of gold....it is the supply and demand for oil, and the supply and demand for dollars, that matte…
Earlier quoted context omitted.
Except that if oil is priced in dollars and you have a dollar printing factory then oil is effectively free to you. If my ISP accepted pictures of my cat rather than insisting on pictures of president Jackson it would make a big difference to me.
> Except that if oil is priced in dollars and you have a dollar printing factory then oil is effectively free to you. That's not exactly how it works (although that edge helps keep our oil cheap). The more money that is in circulation (printed) the less value to each person that holds it. Imagine a game of Monopoly where everybody had as much money as the Bank; nobody would have much spending power. When this happens…
Earlier quoted context omitted.
> Except that if oil is priced in dollars and you have a dollar printing factory then oil is effectively free to you. That's not exactly how it works (although that edge helps keep our oil cheap). The more money that is in circulation (printed) the less value to each person that holds it. Imagine a game of Monopoly where everybody had as much money as the Bank; nobody would have much spending power. When this happens…
The USA has been able to get away with printing dollars because it sold things people wanted (an had to pay for in $) - the article alleges that this is no longer true.
"At this point the US is the undisputed leader in almost nothing except military tech." That's just ridiculous. Internet, software, airplanes, medical equipment, computers, entertainment, the list goes on.
Computers? I think it depends what angle you squint at that one from.
Taiwan, China, and Japan have great centers of manufacturing and engineering but to say any single one has more "leadership" than the US is preposterous.
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Computers? I think it depends what angle you squint at that one from.
The one that includes Intel, AMD, Microsoft, Apple, IBM, Cisco, Oracle, Google, oh and the NSA. Taiwan, China, and Japan have great centers of manufacturing and engineering but to say any single one has more "leadership" than the US is preposterous.
Again, it is a matter of definition. As far as I can tell, all of your examples who sell computers are selling computers manufactured in other countries, and the example of large computer consumers you give, which I'm not sure are relevant, are by and large using computers or outsourced parts manufactured elsewhere.