In this issue:

• The Old Economics & Geopolitics of the New Struggle Over Chips

• Hacks and Liability

• Monopoly Triangulation

• Medium Tech Sees Like a State

• Transient Inflation

• Stranded Gas Assets

The Old Economics & Geopolitics of the New Struggle Over Chips

Before there were chips, there were dyes, synthetic fibers, and plastics.

One way to look at chips is that the…