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10 sats \ 2 replies \ @Undisciplined 29 Dec 2024 \ on: The dollar as a reserve currency and the Cantillon effect econ
It's a great and complex question. I think you're suspicion is largely correct. Sometimes, we talk about the US exporting inflation, which is what you're talking about.
There are some important caveats. One of which is that the recipients of US foreign aid benefit before the average US citizen.
The situation in Europe is largely of their own making. The policies are so much more destructive there and in Canada than in the US.
does any of that affect Canadians much? i hear there is a bit of a brain drain from Canada as they are like, i can make a ton more money in the US and hop over there
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I haven't looked into how large the migration flows are from Canada into the US. Anecdotally, it does seem like people are increasingly voting with their feet and leaving Canada for the US.
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