3 ms·
Not really, finance is global now. Money printing in the US can and does drive up prices in China, and vice-versa.
by nostromo 3y ago
Not really, finance is global now. Money printing in the US can and does drive up prices in China, and vice-versa.
- bryanlarsen 3y agoGlobalization of finance and trade strengthens the effect, it doesn't weaken it. If you double the number of dollars floating around compared to Euros, the dollar:euro exchange rate adjusts accordingly, so anything priced in dollars would now be ~50% cheaper in Europe.