It’s only free if you don’t consider the fact that the rest of the world pays for it. The US can create money out of thin air without negative consequences to themselves, but only because they offload those consequences onto everyone who uses the dollar as reserve currency and settlement of international trade.
This will no longer be possible to do once that global financial hegemony is eroded. Then the US will finally have to pay for its own lunch.
So you’re saying we get a free lunch!?
What a deal! I was always told there was no such thing.
It’s only free if you don’t consider the fact that the rest of the world pays for it. The US can create money out of thin air without negative consequences to themselves, but only because they offload those consequences onto everyone who uses the dollar as reserve currency and settlement of international trade.
This will no longer be possible to do once that global financial hegemony is eroded. Then the US will finally have to pay for its own lunch.
Did you not get lunches in middle school?
As someone who works in a middle school, the students very much have to pay for them too
In some places school lunch debt is a thing, so maybe not.
I had hoped that this community is more skeptical of thatcher economics.
I only see people disagreeing with the article. Am i taking crazy pills?