> With a tax cut, US consumers have more money which they spend on imported goods. So the dollars go overseas buying imported goods and then partially those ov

> With a tax cut, US consumers have more money which they spend on imported goods. So the dollars go overseas buying imported goods and then partially those overseas dollars buy USA treasury debt. This puts the price inflation, if any, overseas and then "sterilized" into Treasuries. This is why USA consumer prices and gold didn't go to the moon after 2008 bank bailouts.