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  • #16
    maybe it is worth having a weak $ for a while

    america has a huge current account deficit ( too much importing v too little exporting )

    no country ( even america ) can survive indefinitely on what is effectively "credit" ( otherwise your creditors like china/japan/europe/other asia end up "owning" your assets )

    usual solution is to devalue currency & try & export your way out

    currency is already devalued, so better for american currency to stay like this for a while ( but screws american tourists abroad ) & export more & get a more balanced economy - better in long run

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