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by cloudinshape
2023 days ago
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The end of the gold standard in the 70s meant the US could "afford" to fight infinite wars by just printing dollars and passing the real cost to the rest of the world, that is why the US is now the world's biggest borrower nation when it used to be the world's biggest creditor nation. The current state of endless military interventions is only possible because of the huge deficits in the US that are not possible with hard money. |
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