Dollar heg good—key to US military
Palley 22- chief economist for the United States-China Economic and Security Review Commission.
Thomas Palley, " Theorizing dollar hegemony, Part 1: the political economic foundations of exorbitant privilege," Post-Keynesian Economics Society, 08-xx-2022, https://www.postkeynesian.net/downloads/working-papers/PKWP2220_v2.pdf-- 嘉玮
3.5 Linkages between US economic power, military power, and international political power.
The outer linkages in Figure 1 are well established and accepted, but for purposes of analytical completeness they are briefly recapitulated below. US economic power positively impacts US military power, with a large technologically advanced economy capable of supporting a large technologically sophisticated military. Economic power provides the US with the resources to ring the globe with military bases and deployments, and the US spends more on defense (as of 2021) than the combined defense budgets of the next nine biggest spending countries according to the Stockholm International Peace Research institute (Siddique, 2022). Data on US military deployments and spending are provided in Figures 4 and 5.