Navigating International Defense Aid and Trade Imbalances

This chapter explores the intricacies of international defense aid and the influence of U.S. trade deficits on global economies, with a particular focus on Israel and Cambodia. It discusses the socio-economic implications of these trade practices, including rising child poverty rates and the potential effects on American manufacturing due to the overvaluation of the U.S. dollar. Additionally, it debates modern monetary theories and critiques current tariff strategies amidst the historical context of U.S. economic policies.