I missed where Prof. Williams offered a solution. In fact, he seemed to endorse the notion that enormous outward flows of cash hundreds of billions of dollars isn’t anything to worry about. Is this because he believes that printing paper money without any product to back it up is economically harmless?
RE: he seemed to endorse the notion that enormous outward flows of cash hundreds of billions of dollars isn’t anything to worry about.
I think he believes that the money that goes out DOES NOT STAY OUT. They come right back to the USA in terms of foreign investments as well as the purchase of our debt instruments.