eli5 If the U.S. is in so much debt, how do they remain one of the most powerful & influential countries in the world?

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I feel like the United States is always meddling in other countries affairs and yet still climbing further into debt. Kind of like someone giving you advice on a golf course who is terrible themself. Is it the military presence? Economic relationships?

In: Economics

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Anonymous 0 Comments

Debt = Money in circulation. Too much money/debt can be a bad thing, but there are no upper limit to how much money/debt we have in the system.

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