In Hazlitt’s Economics in One Lesson, he states that imports constitute exports (I know that you all know why), but if a currency is used and accepted by many nations (i.e. like how the Dollar is accepted universally by nearly all nations as a way to trade petroleum) a nation would never have to actually buy from you, but instead with any other that accepts the currency. Obviously, I am assuming that there would be a state in this post. Is there anybody that can dissprove my simple logic (I know you can, and it probably won’t be difficult).
I would guess that being the world’s reserve currency is so advantageous that it cancels out any negative effects such as the one you’re describing. think about it. it used to be that the only lever you had over others was military. now the fed has an indirect lever over half the world.