A Political Economy of American Hegemony

The book explores the correlation between significant financial instability and the United States' practices of large deficit-financed military buildups. It argues that such military expenditures can trigger economic crises, providing a critical analysis of historical events and their financial repercussions. Through this lens, the author delves into the implications of military spending on the economy, offering insights into the cyclical nature of financial crises linked to defense budgets.