Once a Nation of Makers, now a Nation of Takers

America established its world dominance post WWII by leading in wealth creation. We exported things that worked to the world, trading honest goods. Since the 70’s we have been, instead, riding our reputation down, harvesting the worlds resources through our exclusive position as the issuer of the world reserve currency. How would we do now, if we had to give as much as we take in trade? And what if Hellicopter Ben & Co. interrupt commerce by causing a dollar rout? Could we survive long without imported oil?

Stephen Moore: We’ve Become a Nation of Takers, Not Makers – WSJ.com: online.wsj.com/article/SB1000142405274870405020457….html

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