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[–] 2 points 1 year ago

OP was merely stating facts, don’t get all emotional about it.

If you're reading emotion into my simple straightforward examples, that's on you.

Anecdotally, it’s true. My wife sends a lot of money home every month.

And your wife's family imports US produced goods and services back home. In fact, half the reason your wife sends money back home is due to the internationalization of trade between her country and the US. That's why the US dollar spends so well abroad.

That money now belongs to the economies of the Philippines, Mexico and Honduras.

It belongs to the international financial system. And it sloshes from Riyadh to Rio de Janeiro. Nobody in the US is made materially poorer because your wife's family has access to American dollars. If anything, they're made richer by way of export markets.

But that's the kind of macro-economics Americans aren't allowed to learn in high school.

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