Manánguri on Nostr: > Thus America must be a net importer of goods from all other countries, thus ...
> Thus America must be a net importer of goods from all other countries, thus reducing its production output.
Or, they can give USD to poor countries in the form of USAID, so those countries can spend it on US goods and services rather than suffering the problem of decreased production to reach an equilibrium. The more money you give away, the more you subsidize your own industries rather than letting them wither away.
For example, give money to a third world hospital so they can buy US made medical equipment. Or giving money to a third world farmer so he can buy a US made irrigation system. It's US workers and companies that benefit from this generosity.
Because the government just prints the money it gives away, it doesn't cost taxpayers anything. The money still comes back to the US into the hands of farmers and manufacturers. It might be grain to feed livestock or guns for their army, it's still the US economy that benefits without reducing production.
The US government doesn't give away billions in aid money because they're nice people. It's done to keep millions of Americans employed producing and growing the shit the people receiving the money are going to buy.
Or, they can give USD to poor countries in the form of USAID, so those countries can spend it on US goods and services rather than suffering the problem of decreased production to reach an equilibrium. The more money you give away, the more you subsidize your own industries rather than letting them wither away.
For example, give money to a third world hospital so they can buy US made medical equipment. Or giving money to a third world farmer so he can buy a US made irrigation system. It's US workers and companies that benefit from this generosity.
Because the government just prints the money it gives away, it doesn't cost taxpayers anything. The money still comes back to the US into the hands of farmers and manufacturers. It might be grain to feed livestock or guns for their army, it's still the US economy that benefits without reducing production.
The US government doesn't give away billions in aid money because they're nice people. It's done to keep millions of Americans employed producing and growing the shit the people receiving the money are going to buy.