By Jeremy Powell – MISES WIRE
From the onset of the current Israeli-Hamas conflict, the statements from the Joe Biden administration and Congress were crystal clear: America is the indispensable nation, and we’re rich and powerful enough to be able to afford two wars to guarantee the safety of the world. Even with the displeasure over an unstoppable growth in debt and a declining economy, the message to both the domestic and international audiences is DC will get involved wherever it need be. We will remain in Ukraine and Israel and will go elsewhere to destroy anything that is perceived to be a threat to “democracy” lest the threat arrives at our doorstep.
But maintaining credibility abroad as paranoia runs rampant in DC comes at a price.