RE: Tea Party candidate taken behind the woodshed by an old man asking a simple question
June 24, 2014 at 8:06 pm
(June 24, 2014 at 7:54 pm)Cthulhu Dreaming Wrote:(June 24, 2014 at 7:41 pm)Heywood Wrote: Seigniorage comes from stability not from waging wars. The US government is not likely to be toppled anytime soon. That is one of the reasons the US dollar is the world's reserve currency and the Iraq Dinar isn't.
Care to wager on when the US dollar is supplanted by something else, say the Euro or the Chinese yuan?
Cut military spending to 0 and it would happen basically overnight. Cut it by 50% and it happens sooner than if it is left at current levels. My point is that a lot of people who want to drastically cut defense do not realize the non military value it provides.