I don't think that's completely true. Wasn't the US Navy founded (by a Scotsman ... | Hacker News

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		dboreham 9 months ago \| parent \| context \| favorite \| on: $70M in 60 Seconds: How Insider Info Helped Someon... I don't think that's completely true. Wasn't the US Navy founded (by a Scotsman of course) because the US at the time lacked the funds to pay off the pirates? European countries did pay them off, hence didn't need as large navies.

mistrial9 9 months ago [–]

isn't this ancient history now? the formations in the last 50 years are large

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