I'd sadly say the US has (like any empire before it) used wars and similar methods to achieve the opposite. Not always effectively but still.
Check a lot of countries in the world peg to the dollar even when it doesn't seem economically sensible.
Remember when Japan in the 80's was forced to do technology transfers to the US, import minimum quotas of US tech and limit it's exports whilst adjusting their monetary policy to help out the US leading to a crash that preceded the lost decade?
It's not because they loved the US so much that they did such things.
> used wars and similar methods to achieve the opposite
Totally agree - but the bust comes after the war... based on the size of spending, one could make parallels between war and covid policy. A trick old as time to stir up a war to distract from political problems. Borrow and spend is justified (unless you are a traitor and vote to kill our troops). But the flip side of that things are ugly - but it is always the next guys problem.
With so much money readily available for investment, speculation was inevitable, particularly in the Tokyo Stock Exchange and the real estate market. The Nikkei stock index hit its all-time high on December 29, 1989, when it reached an intra-day high of 38,957.44 before closing at 38,915.87. (sounds familiar perhaps?)
The 1990s in Japan was the beginning of economic turmoil and recession for that particular nation; resulting in their Lost Decade.
I'd sadly say the US has (like any empire before it) used wars and similar methods to achieve the opposite. Not always effectively but still.
Check a lot of countries in the world peg to the dollar even when it doesn't seem economically sensible. Remember when Japan in the 80's was forced to do technology transfers to the US, import minimum quotas of US tech and limit it's exports whilst adjusting their monetary policy to help out the US leading to a crash that preceded the lost decade?
It's not because they loved the US so much that they did such things.