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Comment by moduspol

Well, whether or not it's a problem depends on who you're asking, but:

Remember in the first Captain America movie when his first role in the military was on a tour raising money for the war? That was actually a thing at that point in time. You had to actually convince people to invest or give money to fund a war. The USD was tied to gold in the real world and they couldn't just create more.

Nowadays, we don't have that. A President might have to ask Congress for funding, possibly. And even then, that money might simply be borrowed (adding systemic risk) or printed (devaluing the rest of our money). As a result, the amount of public support required for waging a war (or any huge expenditure) is much lower.

That's a good thing if the people in power are correct despite popular opinion. That's not always the case, though.

parent moduspol 9 years ago

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