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The wisdom was that the US dollar due to its exorbitant privilege (https://en.wikipedia.org/wiki/Exorbitant_privilege#Origin https://en.wikipedia.org/wiki/Exorb

The wisdom was that the US dollar due to its exorbitant privilege (https://en.wikipedia.org/wiki/Exorbitant_privilege#Origin https://en.wikipedia.org/wiki/Exorbitant_privilege#Origin) can afford these debts. Countries put up with it because the US "provided protection" and insured maritime freedom of navigation. Oh wait ...

wyldberry 2mo ago
Dangerously close to discovering the premise of Accidental Superpower from first principles.
- 8note 2mo ago
  accidental is a strange word for actively breaking down the british and french empires, and taking over their base locations