Yet almost every major piece of software or idea started in California and almost nothing noteworthy in the space started in Austria. I think that tells us something about the real value of a piece of paper granting you the right to call yourself an "engineer".
I'm sure there are many things which make this such an unfair comparison that it's not worth making. If there was a firehose of money spraying all over Austria as a result of being the worlds reserve currency I'm sure the shoe would be on the other foot.
What is the mechanism by which being the reserve currency sprays a firehose of money into the US?
Keep in mind that being the major economy also carries costs - the US spends many times as much as other countries on its military and has no realistic path towards spending less.
And either way, their economy has been wildly succesful since the 1800’s.
