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A comment on Hormuz crisis side effect: a sharp rise in container shipping rates. Parent comment
It turns out that for many purposes friction and externalities are small enough that they can be ignored for most purposes.
Physicists and Economists are very aware of the tradeoffs.
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It turns out that for many purposes friction and externalities are small enough that they can be ignored for most purposes.
Physicists and Economists are very aware of the tradeoffs.