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> Presumably i now either repeat the cycle or use my winnings to spend on us output. What you are missing is that these dollars can be circulated indefinitely

> Presumably i now either repeat the cycle or use my winnings to spend on us output. What you are missing is that these dollars can be circulated indefinitely in the global economy without ever repatriating, because they are valuable and useful as actual currency. They may never come back to the US.

AdamN 9mo ago
They also don't have to circulate - they can be used as collateral for debts.
- HeyBigE 9mo ago
  Indeed, everyone should be familiar with the "eurodollar" system - it's critical to how the world economy works.