Vincent Penquerc'h wrote: > > > Tim - I don't think the cowboy (aka Shrubya) knows enough economics to > > realize that, in the long term, income and expenditure must > > be in some kind > > of rough balance. He's always been able to lean on daddy's money. > > I'm wondering whether the successive US administrations are not > increasingly planning to live off the world, by way of their economic > debt. Buy with monkey money, never reimburse. Effectively taxing the > other economies for their expenses.
Straightforward imperialism. US follows the British example, 2 centuries later. The PNACs even sound like Palmerston and Castlereagh. > Though economies might be already too linked together for this to > work fine, as damage to one part of the world's economy will reflect > on others, including the US. Hmm, I think I'll do some googling now... Didn't work in the 19th century either. Empires and armies cost too much.
