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Give it a few years. The US ceding its dominance by trying to re-follow its 1970s/80s playbook (now with less Volcker!) in a 2024+ world will go down as one of
by ethbr1 1y ago
Give it a few years. The US ceding its dominance by trying to re-follow its 1970s/80s playbook (now with less Volcker!) in a 2024+ world will go down as one of the biggest geopolitical own-goals of all time.
- Der_Einzige 1y agoIf trump were willing to call for extended high interest rates, we’d be in a far better spot. Trump trying to bring them down rapidly is perk of mt stupid especially during rampant speculation in GenAI.
- tb_technical 1y agoI don't understand, can you explain why high interest rates will help economic development in the USA in light of its staggering held debt? I'm not an economist, I don't understand how this works.
- preisschild 1y agoUnfortunately its "peers" are not much better. The PROC is still authoritarian and wants to invade Taiwan and some EU countries are still fighting more EU integration so that the EU could become a "real" player.
- integralid 1y ago>some EU countries are still fighting more EU integration At least this I understand. Foreign powers, especially you-know-which-one have a strong interest in preventing EU from becoming too strong, and unfortunately this is easy to do because: * it plays on primal human tribal instincts (they want to assimilate us, they will force or enable more immigration, etc) * the way EU works, you only need to convince some of the countries