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As wild as this may seem to some, I believe that stopping US offshoring is the best for the world. 1. It will help keep US manufacturing in US, as desired by p
by nine_zeros 4y ago
As wild as this may seem to some, I believe that stopping US offshoring is the best for the world.
1. It will help keep US manufacturing in US, as desired by political parties in the US. Not sure how the US will find the labor force (since the US is closed to immigration in any meaningful way and fertility rates keep declining), but it will keep the population happy.
2. Other countries will stop using US dollar for as much trade because the dollar will stop being widely available in the world. Most countries in the world would love nothing but to stop being affected by US foreign policy and US monetary policies. Today, the only reason why other countries are continuing to trade in US dollars is because there is no alternative. But if the US withdraws supply of dollars from the world by reducing imports, the US Dollar will cease to become the currency of trade (at the scale it is used in today).
Sure, the average American will become poorer by global standards because of the decline in ability to export inflation via printed money, but that is exactly what people in America appear to be asking for.