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35 sats \ 2 replies \ @Undisciplined 11 Jul \ parent \ on: Does the US have Dutch disease? econ
I suppose Dutch Disease is more of a continuum than a binary.
My sense is that we wouldn't be able to maintain the reserve currency of the world if our economy stopped being the biggest one that everyone else wants to invest those dollars in.
author's point, too, was that strong/weak institutions determine how the spoils of a resource find are spent. U.S. has weak institutions, thus it gets spent opportunistically on, in this case, the wealthy political insiders.
That point, I find nice and persuasive
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I mean, yeah. That's the whole point of counterfeiting money, isn't it?
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