4 ms·
It’s not bad in the short-term. You trade stamped paper for complex goods and services. The problem is when people don’t want to make that trade anymore. One si
by thoughtstheseus 6y ago
It’s not bad in the short-term. You trade stamped paper for complex goods and services. The problem is when people don’t want to make that trade anymore. One side is left with the ability to print stamped paper, the other has the means of production for goods and services desired. The U.S. “allowed” many domestic industries and supply chains to leave/fail/etc. because it was “better” to print paper.