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Jake Johnson
Asianometry
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Comments by "Jake Johnson" (@ElectronFieldPulse) on "Asianometry" channel.
I’ve always thought about it like this: You want an economic system that gets the most out of your population. One which gets people creating value is best. Investment is the easiest way to generalize the creation of value, and the US has benefited enormously by aligning incentives for its population to grow business. As the saying goes, the business of America is business
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@richardrisner921 - Thanks for the detailed explanation!
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We are now engineering systems which we cannot ever understand, millions of weighted matrices developing novel solutions. We are living during the dawn of something monumental.
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There are definitely parts where I am like “it probably takes a bachelors degree at least to fully understand this stuff he is talking about”
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- That was a consequence of the US being the dominant economy, it didn’t cause the US to become a dominant economy.
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@Avantime - The US is the reserve currency because it was the most dominant economy. It didn’t cause the US to become a dominant economy.
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@barreiros5077 - I never claimed ownership. I meant it in the way of progresss of mankind.
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Does anyone know what this guys background is? Where he grew up? What his job is? He seems very informed on Asia obviously, and I’ve wondered if he has a job which requires him to work with or from Asia.
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Their country has been on a managed decline for a couple of decades now. Population is shrinking, country is losing its relative power it once enjoyed with the rise of other SEA tigers.
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@Avantime - A large part of why the US became the biggest economy was because of novel financial instruments. The US is always trying to find ways to put money to work, which is why the 401k was adopted. It is all related to the US trying to maximize the production of the economy. Not sure why you felt the need to gatekeep.
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