> How would we tell the difference between rampant scamming and fudging numbers and an economy where we all pass around Monopoly money to do services for one another?
It will show up as decrease in exports because other countries (or societies or tribes or whatever you want to call them) will want less of what your country is selling.
Which then shows up as decreasing purchasing power for things that you do want from other countries (i.e. you getting poorer).
Luckily for the US, that does not seem to be the case given the resilience of the purchasing power of the USD.
It will show up as decrease in exports because other countries (or societies or tribes or whatever you want to call them) will want less of what your country is selling.
Which then shows up as decreasing purchasing power for things that you do want from other countries (i.e. you getting poorer).
Luckily for the US, that does not seem to be the case given the resilience of the purchasing power of the USD.