It’s mostly due to how service-oriented (i.e. bullshit) our economy is. We’ve got a huge industry dedicated just to shuffling money around due to our lack of a reasonable health care system.
The rest of the West is also service economies, so it’s not that. The study says it’s mostly because the US is huge, and can just trade with itself most of the time, which is the established wisdom
It’s mostly due to how service-oriented (i.e. bullshit) our economy is. We’ve got a huge industry dedicated just to shuffling money around due to our lack of a reasonable health care system.
The rest of the West is also service economies, so it’s not that. The study says it’s mostly because the US is huge, and can just trade with itself most of the time, which is the established wisdom