Economic ignorance or a real concern?
Originally published at VolkStudio Blog. You can comment here or there.
I see people bellyaching about Mexicans working in the US and sending cash home. When a person performs work or sells a product, they get money for it. The money is a claim on future services or goods. If that money/claim is saved, then the value of the remaining money in the US economy rises: fewer dollars are chasing the unchanged amount of goods and services. If the money is used to buy third-country goods, the same is still true. If, eventually, somebody buys an American product with that cash, that merely sets things back into balance. What exactly is the problem with taking dollars out of the country, again?