@Phil @realcaseyrollins @diego Mistaken people have been making the same mistakes for a very long time.

(Except, despite their mistaken reasoning, this administration may make their alarmist predictions come true after all, by themselves wrecking what they had predicted would fail.)

@Phil @realcaseyrollins @diego It’s not very hard to impose capital controls. China has done it for decades. There’s nothing impractical about imposing balance via the capital account unless you are ideologically attached to “free movement of capital”.