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Cake day: June 17th, 2023

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  • Thanks for all that information! The point about deficit spending in particular was something I had a vague idea about, but seeing the numbers on spending vs GDP change is very insightful. The US has a huge advantage with its top reserve currency status. I do wonder how isolated the US is from China’s problems. It seems like so far it hasn’t had much of an impact on the US, but it’s hard to imagine failures in the second-largest economy of the world not having some sort of domino effect.