Success also due to the incredible advantage of holding the world's reserve currency that allows you to borrow to achieve growth and consume above what other nations can without triggering hyperinflation.
Success also due to the incredible advantage of holding the world's reserve currency that allows you to borrow to achieve growth and consume above what other nations can without triggering hyperinflation.
Yeah definitely, one of the perks of being the last big economy standing after the war - and successfully walling the USSR off from western Europe, figuratively before they did it literally. My parents' generation credited all this to Americans just being superior people. Lunacy really.