Conclusion As I hope I’ve made clear, the challenge for U.S. policymakers will be to craft a strategy that puts our fiscal policy on a sustainable path in the longer term while helping support the recovery in economic activity in the near term. These goals are challenging to achieve but not inconsistent.
However, the Napoleonic Wars, French Occupation and relegation in terms of the financing of international trade and issuing foreign loans, led to a decline in its status as a ‘capital of capital’.