*** Official Politics Shitposting Thread ***

[Poopadoop]

You're going a bit strawman here. My argument is that the dollar is the most important currency in the world, by far, and as such any "devaluation" of it impacts on every nation in the world. If the Americans print money, then the real value of other nations' dollar reserves decreases. That level of exposure is greater for some countries than others, for example China. So America can print money as an economic weapon, just like China find ways to devalue their currency to make their goods more appealing to foreigners than their own nation's goods.

Do I understand it? No of course I don't, but at least I recognise that the world economy is a lot more complex than you seem to think it is. You think Trump is an idiot for printing money? He's probably an idiot if he doesn't.

Lol, i don't know why you keep making arguments and then qualifying them by saying 'I don't actually have any idea what I'm talking about'. First, that's already obvious, and second, then why try to argue?

Do I understand it? No of course I don't, but at least I recognise that the world economy is a lot more complex than you seem to think it is. You think Trump is an idiot for printing money? He's probably an idiot if he doesn't.

The question wasn't how America printing money affected other countries or the world economy, it was if Trump's simplistic view that the deficit can be addressed by printing more money makes any sense.

I mean, if you want to join Wuf in arguing that it does and go against practically every economist in the world and a load of examples (Weimar Germany and paying wheelbarrows full of money for a loaf of bread comes to mind), then fine. But don't try to spin the argument into something about how you can hurt China. That wasn't the topic.

You think Trump is an idiot for printing money? He's probably an idiot if he doesn't.

Well according to the experts in the room, he is, because they wouldn't let him do it. The point is Trump thought it was an easy solution to a spiralling deficit. Everyone else in the room tried to tell him that was wrong, that it would increase inflation and be bad for the economy, and later in the same meeting he came back and suggested it again.

So, either Trump knows something his team of economic experts and the entire history of economics don't about managing a country's economy, in which case he should have overruled them and ordered them to print more money, or he's an idiot who got put in his place by people who aren't idiots. Take your pick.