In this issue:

• Moonshots, Uncertainty, and Certainty

• The Huawei Hedge

• Covid tax Arb

• Only Azar Can Go to Taiwan

• Twitter/TikTok

• Aging Economies

• Google’s Language Policing

Moonshots, Uncertainty, and Certainty

A powerful framework for looking at progress is that it’s either 1 to N—slightly more cars, slightly faster cars, slightly safer cars, slightly cheaper car…