You can not put dark matter in a container …
Brad Setser
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Apr 19, 2006
So says Michael Mandel. Some of us might say you can't put dark matter in a container because it doesn't really exist. That is not Mandel's argument. He believes in dark matter, though apparently not in the container revolution. Call me old economy. Like William Polley, I suspect that containerization was a big deal. Without the efficiencies created from factories in China to container ships to Long Beach to distribution centers to trucks to big boxes that Americans willingly drive miles to get too, lots of goods would cost more. Walmart - one of Mandel's favorite companies - wouldn't be Walmart without the container. Actually, call me old economy and old accounting. I don't buy the case for dark matter. Not after reading Daniel Gros. Register for RGE EconoMonitorsAccess to some RGE EconoMonitors, including Nouriel Roubini's Global EconoMonitor, is reserved for registered users, so sign up now to read and comment on current postings. These writings are only a small part of the insights and commentary available through RGE Monitor. Contact us today at info@rgemonitor.com or 212.645.0010 to learn more about becoming a full subscriber. |
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