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formvoltron • today at 12:55 PM • 1 reply • view on HN

imagine if Putin had said... we are slipping behind the west. They are threatening us. So... we'll double down on research & education. We'll outthink them. We'll shift our economy into an economy that thrives in the future.


Replies

SEJeff • today at 1:54 PM

Pretty much precisely what the US did during the Cold War. To do so, we had to outspend the Soviets, and by a LOT. But the world buying US treasury bonds was basically a credit card for us to finance the above things that result into the world’s strongest military.