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I am currently doing a dissertation on American foreign policy and at the moment I am reading William Appleman Williams The Tragedy of American Diplomacy . In it, he says that US expansionist policies gained support from industrialists and farmers in an effort to "open" and/or "find"...
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It's very difficult to find an explicit description of the entire process. I think I understand the story, but I want to run this by you guys to see if you spot any errors: The Process of Monetization of the Debt (1) The US government runs a deficit and borrows money by issuing bonds that must be...