this post was submitted on 20 Jan 2024
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Russia has burned through almost half of the liquid reserves in its national wealth fund as it bleeds money amid the war in Ukraine (www.businessinsider.com)
submitted 9 months ago by [email protected] to c/[email protected]
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[–] HobbitFoot 13 points 9 months ago (2 children)

I'd argue that Germany lost World War I due to ruining out of money. Some wars are lost due to attrition.

[–] [email protected] 2 points 9 months ago

Financial attrition is a type of attrition

[–] [email protected] 1 points 9 months ago

After WW1 Germany had more then enough money, but nothing to buy with it. Hard to say they ran out of money.