Hacker News Reader

Comment by Ericson2314 | Hacker News Reader

Agreed a bit, there is definitely elements of instutitional self preservation for its own sake. And certainly the defense contractors are scared to have less of their main client.

But getting rid of this "world police" "free world" bullshit will still help a lot. Consider, right now the US military budget is bound to balloon some more because of this war, without us doing any fighting. Military Keynesianism --- chest puffing handshake.

Finally, if are allies can defend themselves, they will have more spine to call out our bullshit with things like Iraq.

View on HN

> Consider, right now the US military budget is bound to balloon some more because of this war, without us doing any fighting. Military Keynesianism --- chest puffing handshake.

We are sending actual weapons and machinery, which need to be replaced by new weapons off the factory line. One Javelin missile costs $175k.

"In less than a week, the United States and NATO have pushed more than 17,000 antitank weapons, including Javelin missiles, over the borders of Poland and Romania, unloading them from giant military cargo planes so they can make the trip by land to Kyiv, the Ukrainian capital, and other major cities."

https://www.nytimes.com/2022/03/06/us/politics/us-ukraine-we...

Anti tank and anti air weapons are so cheap compared to the things they destroy. If shifting the balance of power against Russia is a goal, that is money well spent

I wonder what would finally cause the US Dollar to finally collapse? Would it be China somehow? Either way, the only thing propping up this machine is the fact that the US dollar still means something. What would the world look like post-US?

I noticed that recently my local dollar store has now become the 1.25$ store. This can't bode well for the future...maybe we are experiencing the fall right now. You wouldn't really know until after the fact.

Pretty much every fiat currency experiences inflation. That's not a serious problem as long as it remains below hyperinflation levels.

The US Dollar can only collapse if the federal government defaults on its debts, or institutes currency controls which make it no longer convertible. The government only accepts tax payments in Dollars, so anyone subject to US taxes has no choice but to hold some Dollars.

Reply on news.ycombinator.com