So there are a number ways in which people define the phrase "American Exceptionalism". I didn't realize there was a debate about it until the phrase became pa

So there are a number ways in which people define the phrase "American Exceptionalism". I didn't realize there was a debate about it until the phrase became part of the popular vernacular over the past, 5 years? All this time I've been stumbling around thinking it was our ability to run twin deficits (trade and budget) for like 40 years, without any appreciable increase in Treasury yields.