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Favorites April 30th 2022: The F-35 and the FTC
One of the interesting takes I saw about this was that leading the FTC is a management job, and Khan is an academic. Switching to management can be a huge mistake sometimes, it feels like maybe the FTC is too large an organization to be the place to experiment with management.
Introducing competition and focusing on not over-specifying details is the way to avoid F-35 style debacles. If we're going to spend a ton of money on military, best not to waste it.
• Thread that covers Ukraine's export situation. Because Russia has their ports blockaded, all their shipping must be by rail, but they use a different rail gauge than the rest of Europe. There are currently stations at the border where the rail cars switch out their bogies, (equivalent to what we call a railcar truck in the US).
• A deeper dive into the FTC dissatisfaction situation
• History lesson on the original lend lease act, and how it differs from the modern one helping Ukraine.