The Security Value of Inefficiency

For decades, we have prized efficiency in our economy. We strive for it. We reward it. In normal times, that's a good thing. Running just at the margins is efficient. A single just-in-time global supply chain is efficient. Consolidation is efficient. And that's all profitable. Inefficiency, on the other hand, is waste. Extra inventory is inefficient. Overcapacity is inefficient. Using...