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But because we in the United States finance our current account deficit by borrowing in our own currency we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
- Martin FeldsteinPhoto by Joey Kyber on Unsplash
But because we in the United States finance our current account deficit by borrowing in our own currency we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
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Great nations are simply the operating fronts of behind-the-scenes vastly ambitious individuals who had become so effectively powerful because of their ability to remain invisible while operating behind the national scenery.
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