>> Either the money comes back to the US eventually, or if it doesn't
> That may be the most superfluous statement I've ever read.
To elaborate: Either the money comes back into the US, then it doesn't matter for aggregate demand that it was sent out as remittance first. Or, if the money doesn't come back, then the Fed can just react by printing more money. (And the American public profits by getting some labour just for some pieces of paper---or more accurately, for some entries in a database.)
> That may be the most superfluous statement I've ever read.
To elaborate: Either the money comes back into the US, then it doesn't matter for aggregate demand that it was sent out as remittance first. Or, if the money doesn't come back, then the Fed can just react by printing more money. (And the American public profits by getting some labour just for some pieces of paper---or more accurately, for some entries in a database.)