Reserve Currencies as Giffen Goods and the Consumer of Last Resort

Plus! Huawei/UK, TikTok and Tech Nationalism, Infrastructure Long Game, Taxes, Browsers, More...

In this issue:

  • Reserve Currencies as Giffen Goods and the Consumer of Last Resort

  • Huawei/UK

  • TikTok and Tech Nationalism

  • Infrastructure Long Game

  • Taxing Locals

  • Taxing Non-Locals

  • Are Browsers a Business?

Reserve Currencies as Giffen Goods and the Consumer of Last Resort

You can divide the economy into two parts: the steady-state bits, that are expected to work ro…

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