model
Jiang's model says declining empires start overseas wars that do not benefit them long term because structural forces and hubris drive them.
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Macro History
Jiang's model says declining empires start overseas wars that do not benefit them long term because structural forces and hubris drive them.
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"...is that it's much more structural. That if you study. History, macro history, we have seen this pattern before. Whereas an empire declines, it..."
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"Right. So again, I look at macro history. And the reality is that America is addicted to the petrodollar. It's addicted to money. Printing...."
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