k smith, unfortunately, an earlier post of mine has been lost, so i will try again:
btw, i am speaking from the real world here, not just textbooks and - full disclosure - i am not affilitated with the LvM institute.
it is a little bit imprecise speaking about 'importing' or 'exporting' inflation, because it can lead to a misunderstanding as is probably the case here.
if you inflate currency x then you will need more of that currency to pay for the goods available if there has not been a comparable increase in the supply of goods as well. but you will not need more of currency y or currency z to pay for those goods, if these currencies are not inflated simultaneously, as well.
however, if for example the us dollar is inflated, people in countries other than the us who are also holding us dollar currency will experience a decrease in value of their dollar holdings, but not a decrease in value of other currencies they are holding. that is shown by the changing exchange rate of currencies. if the us dollar is inflated, us goods become cheaper in europe for example, and vice versa if the euro is inflated. that is the real world.
so you can only 'export' inflation in the sense that people all over the world will experience a decrease in their us dollar currency assets if the us dollar is inflated. but you cannot 'export' it in the sense that goods become more expensive for holders of other currencies; here the opposite is actually true.
i also do not think it is helpful making it appear that 'the members' of the lvm institute are false prophets, even if one of them would have made a mistake in an analysis. no offense, but claiming 'they promulgate lies' is a little bit overreaching to me based on what you provided.
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