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There is another side of the ledger e.g. currency so the question is then how does a currency remain valuable when more has to be produced to keep buying things

There is another side of the ledger e.g. currency so the question is then how does a currency remain valuable when more has to be produced to keep buying things, as opposed to selling things. US has been running a trade deficit for only the past 60 years, since the Nixon shock which is probably very related. While on paper the US is per capita wealthier today I think that’s more to do with ponzi economics.

owebmaster 2y ago
> While on paper the US is per capita wealthier today I think that’s more to do with ponzi economics. It is still the most developed economy but with a healthcare and education expense bigger than any other country while the citizens still need to pay a fortune for it.