Nemo Krüger
@nkrueger.bsky.social
Still interested in Political Economy, History and Bad Jokes.
Theoretically, this is not impossible. It would mean that all the inflows from supplying the reserve currency are matched by even bigger capital outflows. Look at the US from ~1940-60s.
This might be the incoherence of MAGA; too inward-looking on the capital account, not the trade account.
This might be the incoherence of MAGA; too inward-looking on the capital account, not the trade account.
December 1, 2024 at 10:17 AM
Theoretically, this is not impossible. It would mean that all the inflows from supplying the reserve currency are matched by even bigger capital outflows. Look at the US from ~1940-60s.
This might be the incoherence of MAGA; too inward-looking on the capital account, not the trade account.
This might be the incoherence of MAGA; too inward-looking on the capital account, not the trade account.