Krugman eternal

 
Krugman is one of the very few economists who understood something obvious. Liquidity. I respect him. 

Quote: "Weaponized interdependence was already a well-understood phenomenon in the Sci-Fi literature. The picture at the top of this post is a still from the 2024 film Dune 2, based on the classic Frank Herbert science-fiction novel. The novel is set on the desert planet Arrakis, which is the center of conflict because it’s the sole source for “spice,” a drug crucial to the Galactic economy. In effect, Arrakis is the Strait of Hormuz with giant sandworms, and one way to think about Dune is that it’s a novel about weaponized interdependence — and how such interdependence can escalate into open warfare.

Now I am not suggesting that real-world policy should be dictated by fears inspired by works of fiction. After all, fear is the mind-killer. But the reality of weaponized interdependence is now all around us." Nothing changed; it was always so.