1/ There seems to be a general expectation that those funds will be repatriated, if not soon, within a few years. Most large companies are
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2/ planning with this expectation. How, if at all, does that affect the Fed's thoughts? Congress could randomly inject $3T in cash
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Fed policy acts with long and variable leads. Currency markets know inflation won't be allowed later, so nothing happens.
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Awesome, thank you
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Disclaimer: I am not a real macroeconomist I'm just saying things that sound in my head like Scott Sumner's blog
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(This admittedly may put me ahead of many professional economists who say things that don't even *sound* like Scott Sumner's blog.)
End of conversation
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Eliezer, offering an unsolicited opinion on a contemporary partisan issue? This is going in my diary.
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You mean, like it's the police's job to "serve and protect the citizenry"? (..and never mind the beatings and enslavement for drug use)
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This must be a joke because of the sheer illegality of the Fed's existence and their sinister interference in what would be a free market.
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It's a dangerous game, off shore US$ reserves maintains supply/demand for the $ as global reserve currency ... allowing us to print more
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