tag:blogger.com,1999:blog-3454984.post114591567618600433..comments2023-07-15T03:39:20.802-07:00Comments on Not Invented Here: Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3454984.post-1146032030996004472006-04-25T23:13:00.000-07:002006-04-25T23:13:00.000-07:00One of my economics professors put it this way: "I...One of my economics professors put it this way: "If Japan or China wants to collect U.S. dollars, I have no problem with that. I don't care if they burn the dollars! We will accept their durable goods and send them printed pieces of paper (dollars) forever. But at some point it only makes sense that they would want to purchase something with those dollars which, in the end, can only be spent in the United States."<BR/><BR/>IOW holding dollars (or any currency long-term) is usually a fool's errand. Those dollars should be spent. And spending them will drive up the cost of U.S.-produced goods.Anonymousnoreply@blogger.com