Other countries don't get the use the printer trick as much as the US though. At some point other countries will wonder why they're doing real labor and sending tangible products of real value to the US consumers when all they're getting in return are worthless pieces of paper--er not even that, zeros and ones in a bank's computer database--that are clearly rapidly inflating away to worthlessness and being created out of thin air. It will be a nasty day when America's "exorbitant privilege" ends.
Other countries don't get the use the printer trick as much as the US though. At some point other countries will wonder why they're doing real labor and sending tangible products of real value to the US consumers when all they're getting in return are worthless pieces of paper--er not even that, zeros and ones in a bank's computer database--that are clearly rapidly inflating away to worthlessness and being created out of thin air. It will be a nasty day when America's "exorbitant privilege" ends.
Not giving basic increases to match inflation is kind of a dick move.