Imagine all that "money" comes back to America. Your house is stacked up in every room with paper money higher than your head. And because there's way too much of it, they've devalued $100 bills to buy less than a hundredth of a penny worth of stuff. Happy now?
Can I sell you a wheelbarrow to take enough to the bakery for a loaf?
There are several reasons why more money won't devalue the currency. First is that if everyone had more money, they would probably save more of it as well. More money also means more technology, which makes people more efficient. Things like Roombas, washing machines, and iPhones mean that people can do more and create more value. Higher efficiency will drive down the cost of producing goods. Not to mention, if someone was selling a loaf of bread for a $100, no one would buy it, so the free market is self-correcting.
Not a problem. If they don't want to use dollars, that's fine, more money for us.
Really? That’s your take away from this?
Yeah, if we're not giving the Saudi's dollars, then there should be more for everyday Americans.
Imagine all that "money" comes back to America. Your house is stacked up in every room with paper money higher than your head. And because there's way too much of it, they've devalued $100 bills to buy less than a hundredth of a penny worth of stuff. Happy now?
Can I sell you a wheelbarrow to take enough to the bakery for a loaf?
There are several reasons why more money won't devalue the currency. First is that if everyone had more money, they would probably save more of it as well. More money also means more technology, which makes people more efficient. Things like Roombas, washing machines, and iPhones mean that people can do more and create more value. Higher efficiency will drive down the cost of producing goods. Not to mention, if someone was selling a loaf of bread for a $100, no one would buy it, so the free market is self-correcting.