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People outside the US love it, so no issue with devaluing the USD if we print an extra couple of trillions. The main issue is that the global supply chain cann
by whatever1 4y ago
People outside the US love it, so no issue with devaluing the USD if we print an extra couple of trillions.
The main issue is that the global supply chain cannot literally serve richer American consumers, so the cost of supply increases and everyone (in the US and out) faces inflation pressure.
- miguelazo 4y agoPeople outside the US loved it. Recent moves by Japan, Switzerland and some others in the (quickly-losing-liquidity) Treasury Market suggest that era is coming to a close.
- ghostwriter 4y ago> People outside the US loved it. Correction: foreign central banks guided by IMF subsidiaries loved it dearly, people - not that much, perhaps the opposite [1] [1] https://youtu.be/p5Ac7ap_MAY?t=1769 https://youtu.be/p5Ac7ap_MAY?t=1769
- kobalsky 4y agono one with savings in USD is glad that it inflated, but the reality is that other easily accesible currencies bit the dust harder.
- ars 4y agoIf we devalue the USD all that will happen is the price of oil, as denominated in USD, will go up. You don't actually accomplish anything.