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The Money Man’s Burden

Started by enguyen · 7 months ago

The comment reproduced below was posted to Marginal Revolution (the blog of a pair of economics professors who dance mainly on opposite sides of the libertarian divide), in response to some thoughts on ‘fixing’ the trade imbalance with China.



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1 comment

  • So let's say the US is running security. And, let's say the rest of the world is paying the US tax by buying bonds and keeping caches of US dollars in various central banks.

    I don't understand how the service is coupled to the payment. If this is a system in balance, then what links our military spending to other nations' willingness to tithe?

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