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Pretending that being geopolitical superpower has no direct economic benefits is just silly. If USD lost the status of world's reserve currency it would have pr
by qaq 2y ago
Pretending that being geopolitical superpower has no direct economic benefits is just silly. If USD lost the status of world's reserve currency it would have pretty catastrophic consequences for US economy.
- pjc50 2y agoHow do I, as an individual investor, capture the return of sending a shell to Ukraine? > If USD lost the status of world's reserve currency it would have pretty catastrophic consequences for US economy .. but for everyone at once. Collective action problem. You've argued why it's in the interest of the US government to tax people and send shells to Ukraine, but this is not an argument for Blackrock to divert VC funding to individual armored brigades.
- qaq 2y agoVery true