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Tamritz's avatar

Deflationary forces were really strong for a decade. Current inflation is high, true. But it is not clear at all that the anti-inflation forces are going to disappear from the world in the long term. Maybe we need a new kind of Hitler, this time from Russia, to give purpose and meaning to our spending. Spending money against him can be a rare consensus, agreed by republicans and democrats alike. Agreeing to spend money against a murderous dictator, that's how the big depression ended for good in the thirties. That's the invasion from Mars Paul Krugman used to talk.

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Naresh Giangrande's avatar

Great article. I agree with most of what you said. The only real omission in your article IMO is the cyber warfare component. It relatively cheap, the USA has vast skill sets to call on. And it can disrupt both the front line battle field and mainland infrastructure and manufacturing.

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