Thank you for the review. This tracks with my thoughts on China. The only war it will fight is one for Taiwan, and it would necessitate strikes against U.S. based in Japan, ROK, and various islands. They have no other external interests beyond Himalayan border issues.
A U.S. industrial policy would be good though, but only in as much as all countries who want to be sovereign should have, even if less efficient, protected local industry. Otherwise they should unite.
How exactly has the Common Prosperity campaign been wildly succesful? They've barely done anything yet.
>There are numerous outright errors in the book, as well, such as the idea that U.S. reserve currency status “makes it easier for the United States to finance deficit spending”
The reserve currency status of the US dollar absolutely results in lower interest rates in the US, as it increases the demand for US dollar assets.
Thank you for the review. This tracks with my thoughts on China. The only war it will fight is one for Taiwan, and it would necessitate strikes against U.S. based in Japan, ROK, and various islands. They have no other external interests beyond Himalayan border issues.
A U.S. industrial policy would be good though, but only in as much as all countries who want to be sovereign should have, even if less efficient, protected local industry. Otherwise they should unite.
How exactly has the Common Prosperity campaign been wildly succesful? They've barely done anything yet.
>There are numerous outright errors in the book, as well, such as the idea that U.S. reserve currency status “makes it easier for the United States to finance deficit spending”
The reserve currency status of the US dollar absolutely results in lower interest rates in the US, as it increases the demand for US dollar assets.