FYI: I had some very interesting discussions on social media last night on who is paying for the U.S.-China Trade War. It was kind of shocking that many didn’t even understand the basic tenets of economics yet have strong convictions held strongly. Not good in the trading business.
It reminded me of my days teaching frosh economics at the university and encountering the 18-year old ignoramuses who thought they were the second coming of Adam Smith, JMK, and Milton Friedman. I must now confess, I had a bias to grade these geniuses on a more onerous curve.