When Aus print money they devalue the currency, spreading the cost over all Aus ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		pbhjpbhj 7 months ago \| parent \| context \| favorite \| on: Why does the U.S. always run a trade deficit? When Aus print money they devalue the currency, spreading the cost over all Aus dollar holders. When USA do the same, the non-USA dollar holders also take on the cost, same-same, excepting that is everyone around the World who trades in dollars. Which comes back to USA's military-industrial complex to some extent. It's like having the ability to steal a gram from every gold bar in the World.

starspangled 7 months ago [–]

> When USA do the same, the non-USA dollar holders also take on the cost

They don't. If they aren't holding USD or something pegged to it then it is not devalued.

pbhjpbhj 7 months ago | [–]

Sorry, I made that hard to parse - "the dollar holders outside USA".

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact