Re:U.S. Goods Trade Deficit Declines to Smallest in Three Years
by wyxuan on Tuesday December 31, 2019 @07:57PM
(#21925882)
If US wants to finance their deficits, they can turn on a new printing press and people wouldn't be able to do much about it. They can't just say, we want you to pay us in <safer currency>, because the USD is that currency. Other countries have to pay their debts (usually) in USD, which is controlled by US.
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Re:U.S. Goods Trade Deficit Declines to Smallest in Three Years
by selectodude on Tuesday December 31, 2019 @08:03PM
(#21925907)
ie it’s not pretty bad. sending worthless pieces of paper in exchange for goods and services that the recipient needs to then turn around and either loan back or use in the US is a net good.
Re:U.S. Goods Trade Deficit Declines to Smallest in Three Years
by alasdair_ on Tuesday December 31, 2019 @11:35PM
(#21926672)
The very act of printing too much currency would cause the dollar to become less and less safe.
A low levels of quantitative easing, it won’t matter much, but there is definitely an inflection point.