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Friend-Shoring, Decoupling, & Deglobalization Edition; Noah Smith & Brad DeLong Record the Podcast We, at Least, Would Like to Listen to!; Aspirationally Semi-Weekly; Aspirationally an hour or less…

Key Insights:

1. The global trade network is immensely valuable…
2. Friendshoring is not deglobalization, but raher shift-globlization…
3. Brad was stupid in 2005 in thinking “passing the baton of hegemony” constructively and progressively was a possibility…
4. Countries have no gratitude, and only remember what is convenient…
5. William James sought for “the moral equivalent of war” to mobilize civilizational energies for good and progress; and a Cold War certainly counts…
6. As Zhou Enlai said on similar issues: “it is too soon to tell”…
7. We both hope that America and China will soon be friends again—but the balloon freakout makes us pessimistic…
8. Hexapodia!!