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Can someone explain to me in what sense this money is any real kind of loss for the US? They literally own the dollar printing machines. Sure it's going to be some fraction of inflation but it's not as if the US bank account is going to miss this money?
You can only do that so much before people stop trusting your currency. Up until recently, the Saudis sold oil exclusively for USD, now they've started selling it for other currencies including yuan.
China sells consumer goods to the US for USD. China gives that USD to the Saudis for oil. The Saudis give that USD back to the US in exchange for bombing civilians in Yemen. That's how things have worked for the past like 50 years.
If the USD (and the US) stops being seen as reliable, then eventually the whole thing falls apart, and we're seeing the first signs of that already. The Saudis will start telling us our bombs are too expensive and China will say the scraps of paper we give them aren't worth it. If we're not dropping bombs on behalf of oppressive monarchies in exchange for oil, and importing cheap goods from underpaid overseas workers, then what do we even have left, as a country?
It's probably for the best for the world in the long term that that system falls apart (provided Americans don't go apeshit and start WWIII, which is a big assumption), and in the very short term of course using the infinite money hack solves a lot of problems, but in the medium term, it's gonna be rocky.
Fortunately, there aren't any other major crises we've been kicking down the road for short term benefits that are going to reach a head in the near future, so we can focus excluively on that.
More debt.
The amount of money the government prints and destroys is public information. You can't just raise the first one a ton without making people panic.
Debt isn't a problem until it suddenly is. That inflation you're brushing off can get worse, eventually to the point where they're printing money just to stay afloat. We're already at the point where $1 trillion goes to just paying the interest on the debt each year.
because it’s actually just a transfer of profit. to a corporation or seven. war is only ever about profit.
For this one thing yeah the small fraction of inflation wouldn't probably be noticeable. But you cannot do it for everything or every fraction adds up to a bunch.
It's the same money that the board of peace is investing in Gaza rn
Every dollar printed affects the value of every dollar already in circulation. Where that money goes changes who feels it. Printing money to blow up and then subsequently rebuild infrastructure in Iran is going to hurt basically all Americans, although some people (guess who) are probably going to see their share of the pie grow even more because their assets are not held in USD.
It's all so goddamn stupid. If I allow myself to turn to illiberal thoughts I begin to feel like perhaps anyone who supported this clown should have their voting rights permanently stripped. He's the worst president in maybe 150 years. I guess Trump supporters should be thankful the rest of us are so goddamned liberal.