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I really don't know why you think we can just print dollars at will without it causing inflation: if that was an option, we would, because it would be stupid no

I really don't know why you think we can just print dollars at will without it causing inflation: if that was an option, we would, because it would be stupid not to. The US has been printing lots of dollars, with little inflation, because the rate of demand has matched the rate of printing. But it would be easy to print more dollars than are in demand, and that would cause inflation on the dollar just like any currency. > - This currency is also the reason why so many countries give visa on arrival to US citizens. Those countries need dollars and they want to make it easy for people to give it to them. The freedom to travel around the world with such a strong currency is uniquely American. Perhaps only bested by the British in the past This is nationalist nonsense. The US wasn't the strongest passport in 2019[1] and hasn't been in the past 4 years[2][3][4]. [1] https://www.atlasandboots.com/best-passport-to-have/ https://www.atlasandboots.com/best-passport-to-have/ [2] https://www.telegraph.co.uk/travel/news/powerful-passports-2018/ https://www.telegraph.co.uk/travel/news/powerful-passports-2... [3] https://www.telegraph.co.uk/travel/lists/most-powerful-passports-in-the-world/ https://www.telegraph.co.uk/travel/lists/most-powerful-passp... [4] https://www.weforum.org/agenda/2016/09/how-powerful-is-your-passport-2016-rankings/ https://www.weforum.org/agenda/2016/09/how-powerful-is-your-...

nine_zeros 7y ago
How is the rate of demand for dollars growing? Hint, global assets are all available for purchase on dollars. As more and more products get built in China and other countries and they are all willing to accept dollars for them, the rate of demand for dollars increases. As for visa on arrival, most countries on it are similar GDP-wise. Which means their citizens have a low cost to convert to USD and their capital accounts are open so citizens can freely chnage into USD. So their domestic currencies are almost as good as USD (or even Euros to some extent)
- kerkeslager 7y ago
  > How is the rate of demand for dollars growing? > Hint, global assets are all available for purchase on dollars. As more and more products get built in China and other countries and they are all willing to accept dollars for them, the rate of demand for dollars increases. This doesn't contradict anything I said. Yes, I understand why demand for dollars is going up. No, that doesn't mean we can just print dollars faster than demand and expect no inflation. > As for visa on arrival, most countries on it are similar GDP-wise. Which means their citizens have a low cost to convert to USD and their capital accounts are open so citizens can freely chnage into USD. So would it be fair to say that you're retracting your statement that this is "uniquely American"?

nine_zeros 7y ago

How is the rate of demand for dollars growing? Hint, global assets are all available for purchase on dollars. As more and more products get built in China and other countries and they are all willing to accept dollars for them, the rate of demand for dollars increases. As for visa on arrival, most countries on it are similar GDP-wise. Which means their citizens have a low cost to convert to USD and their capital accounts are open so citizens can freely chnage into USD. So their domestic currencies are almost as good as USD (or even Euros to some extent)

kerkeslager 7y ago
> How is the rate of demand for dollars growing? > Hint, global assets are all available for purchase on dollars. As more and more products get built in China and other countries and they are all willing to accept dollars for them, the rate of demand for dollars increases. This doesn't contradict anything I said. Yes, I understand why demand for dollars is going up. No, that doesn't mean we can just print dollars faster than demand and expect no inflation. > As for visa on arrival, most countries on it are similar GDP-wise. Which means their citizens have a low cost to convert to USD and their capital accounts are open so citizens can freely chnage into USD. So would it be fair to say that you're retracting your statement that this is "uniquely American"?