alt Hacker News...and then whoever sold us the goods turns around and uses those dollars to bid up US assets. Next time you are bidding for a house, take some time to appreciate just how expensive those bit flips have made things.
It did make it easy to raise capital, though, which is nice.
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disgruntledphd2 • today at 3:35 PM
> uses those dollars to bid up US assets.
Predominantly US financial assets, like Treasuries and company equity.
Don’t blame imports for our sclerotic country banning construction nationwide. Plenty of countries have spent billions on new construction in the US and gotten smoked. The buildings still stand though.