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Re:Businesses are in for a mighty debt hangover by tehjoker on Tuesday May 16, 2023 @07:39PM (#35969289)
No, the economy must decide between guns and butter. Military expenditures are destructive and wasteful. The US can afford its disproportionate and non-productive military expenses because it is subsidized by the rest of the world buying US treasuries and the dollar as the world reserve currency since the end of Bretton-Woods combined with sovereign fiat.

This is a world historical anomaly that is underappreciated. When the world dollar regime goes, so too will our unbounded budget and ability to impose global sanctions unilaterally.

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