Australia has a lot of foreign businesses and it has a lot of immigrants. Both earn Australian dollars and huge amounts would be sent back their country of origin.
His does Australia balance its books on something like this? How do the economics of it work? Would it lower Australian inflation but shortening the money supply, and raise inflation of the destination country as it prints more money to exchange the Australian dollar?
Yes, but he’s actually producing wealth in Australia. The things he does serve Australians, the products he makes wind up in Australian homes, and when they don’t, when they get exported, that same amount of capital he exported and then much more winds up flowing back into Australia.
Remember, money isn’t wealth. Money doesn’t fuel an economy, production does. And it does more than fuel an economy, it is the economy.