A patron of Economic Update asks: "If there is a relationship between inflation and the capacity of a country to absorb newly printed money, how do international markets affect inflation since dollars are used around the world and some of the new money would make it to the world in general? Is the dollar less prone to inflation because dollars are used around the world? If so, is there a measure of inflation resistance for different currencies to get an idea where the dollar stands vs other currencies?"
This is Professor Richard Wolff's video response.
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