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Macro Musings with David Beckworth cover image

Matthew Pines on the Geopolitical and National Security Implications of Cryptocurrency Adoption

Macro Musings with David Beckworth

NOTE

Strategic Defense: Balance Power and Budget

The U.S. defense strategy operates under a two-war framework, focusing on the capability to simultaneously engage in conflicts with adversaries like Russia and China. This strategic approach necessitates a balance between military objectives and budgetary constraints, with recent proposals suggesting an increase in defense spending to 5% of GDP to adapt to rising geopolitical tensions. The current defense funding significantly lags behind what is required to meet strategic military goals, highlighting a need for reassessment in addressing contemporary threats.

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