I also expect similar things for rather some time.
I just do not know how much larger milit.budget is plausible, given the level of existing debts, inflation, missing production capacity (from workers all to factories missing)
end of QT, restarting of QE, and the need to “keep the democracy stable in their struggle against autocracy”
The “1 trillion defense budget in sight” will be memory, replaced by something a LOT bigger.
I also expect similar things for rather some time.
I just do not know how much larger milit.budget is plausible, given the level of existing debts, inflation, missing production capacity (from workers all to factories missing)
end of QT, restarting of QE, and the need to “keep the democracy stable in their struggle against autocracy”
The “1 trillion defense budget in sight” will be memory, replaced by something a LOT bigger.
I suspect a lot more defense budget than we can even fear
There is countless nations and empire that bankrupted themselves waging stupid wars
I see no reason for our times to be different.
Especially if siphoning off industry, patents and technicians from the Eurozone continue.
Think of it as Covid stimulus, but for the war machine. Endlessly until the political order or the currency break.