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This is called "capital flight"
It usually only happens to poor countries, and it never ends well.
 • 
Noah Smith
116
At least five interesting things: Nightmarica edition (#62)
American dystopia; The assault on science; Trade war eternal; Abundance and redistribution; Fertility and the draft; AI and skills; Smartphones and…
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Noah Smith
70
All the arguments for Trump's tariffs are wrong and bad
The President's defenders are flailing.
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Noah Smith
155
Hey Democrats: Stop fiddling while Trump burns America
Someone has to stop the Mad King.
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Noah Smith
202
Trade deficits do not make a country poorer
There are real problems with trade deficits, but Trump doesn't understand what they are.
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Noah Smith
116
Tariffs: Another American act of intentional self-harm
As Adam Smith said, "there is a great deal of ruin in a nation."
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Noah Smith
161
How Brazil built a world-beating aircraft manufacturer
A guest post by Pedro Franco.
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Pedro Franco
37
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