More on Abusing America’s ‘Exorbitant Privilege’: How Long can the US Borrow to Sustain Hegemony – up to a 100% Debt-to-GDP ratio?

As part of a now lengthy chain (one, two, three, four) on US allies and the likelihood of US retrenchment (hat-tip to Andrew Sullivan for referencing this chain of posts yet again), I argued that American hegemony, despite America’s huge … Continue reading