However if fewer people were getting those fresh dollars then the inflation would be felt more by the domestic market than it was in the past. Can the US still export inflation?
We will see the same shit as 2008: Those rich people getting the fresh dollars leads to asset prices going even higher. I think it’s already happening a bit now. And the US rich don’t invest in companies that employ a lot of people any more.
However if fewer people were getting those fresh dollars then the inflation would be felt more by the domestic market than it was in the past. Can the US still export inflation?
We will see the same shit as 2008: Those rich people getting the fresh dollars leads to asset prices going even higher. I think it’s already happening a bit now. And the US rich don’t invest in companies that employ a lot of people any more.
Yeah that’s a possible outcome