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Collapse causes a positive feedback loop—military collapse further devalues the economy
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
Likewise, the US’s large and sophisticated military has positive impacts on the economy. Cypher (1987) argues the US military has played a role as a form of surrogate industrial policy, helping the private sector develop and commercialize new technologies. Mazzucato (2015) 18 details many of the technologies produced by that military-industrial policy.4
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