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Tooze's German Fluency
- Adam Tooze achieved native-level German fluency after moving to Heidelberg at age seven.
- His sister, being only two at the time, acquired even better fluency due to the critical age for language acquisition.
Berlin Wall Experience
- Tooze lived in West Berlin in 1989, initially supporting a divided Germany.
- Witnessing the fall of the Berlin Wall and the emotional reunification changed his and many others' views on German identity.
Role of US Debt
- US debt, particularly government debt, plays a special role in global finance as the most liquid dollar asset.
- It's considered secure due to its backing by the Federal Reserve and the government's ability to raise taxes.