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You don't need to manufacture anything if other countries can swap their manufactured goods with importer's sovereign currency and if importer's country can dol
by raincom 3y ago
You don't need to manufacture anything if other countries can swap their manufactured goods with importer's sovereign currency and if importer's country can dole out money to everyone to cover healthcare, housing, and food. Of course, the second order effects such as housing inflation, healthcare inflation, etc, across that country.
- psd1 3y agoMaybe, but the advantage of manufacturing over, say, financial services is that it creates working-class jobs.