For my Economics Academis Experts

YellowSnow said:

UW_Doog_Bot said:

YellowSnow said:

UW_Doog_Bot said:

For the record there are three reasons why the US is the world reserve currency. The first two are obvious but you may not know the third.

1. Winning WW2 while most other countries were smoldering holes in the ground.
2. Largest economy and bastion of free market capitalism.
3. At the end of the revolutionary war France and Spain had loaned the US money at extortionist rates of return. George Washington convinced congress that even though these loans could be defaulted on it was in the best interest of the country long term to be a responsible debtor and paid the piper. It set a precedent of the US always paying it's debts. The US is essentially the only country to never default on it's debt. There's not really another major financial institution you can confidently say that about.

Hamilton and Worshington were statist pieces of shit is something @MikeDamone might say.

https://en.wikipedia.org/wiki/Debt_Assumption

They were Statists but at least the kind that paid their debts.

I am a Federalist so I'm good with it. As a property owner with the franchise, I would have voted for Adams over Jefferson.