Comments by "Digital Nomad" (@digitalnomad9985) on "Economics Explained" channel.

  1. " America is also geographically really protected from, well, everyone. During major conflicts like the world wars every major power was close enough to every other major power that they'd all take a beating in the war." The US economic ascendancy was largely complete before the world wars and quite evident by the outset of WW2. And WW1 did not devastate the industrial infrastructure of Europe. It spent a lot of money (including US money), killed a lot of people (including US people), and chewed up a little farmland, but the industrial infrastructure was still intact. The notion that the world wars played a part in the economic ascendancy of the US is chronologically impossible. After WW2, the US may have gained from the fact that everybody else's factories were bombed, but that is offset by war debt incurred lend/leasing and lending all the allies equipment and supplies, and the Marshall Plan loans to rebuild Europe, as well as Cold War military commitments. Currently, defense related factors are favoring Europe economically because Europe is leaning heavily on US for defense expenditures and operations. How was the Balkan crisis not a regional problem? But it was regarded in Europe as a US responsibility.
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  2.  @MrPhilsterable  Yes, in fact FDR was the first and last president to disregard the precedent.
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  3. they're
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