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AMZN 244.25-2.0%3:59 PM EST
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To: GST who wrote (159844)1/15/2004 11:35:48 AM
From: Oeconomicus  Read Replies (1) of 164684
 
To say that the drop in the dollar does not lower the purchasing power of the dollar outside the US would be, simply put, ridiculous.

1. I never said anything about the "purchasing power of the dollar outside the US", though I did show that import prices HAVE NOT risen materially after two years of a falling dollar and that the decline of the dollar has not even remotely triggered general inflation in the US;

2. You claimed Americans' purchasing power IS being destroyed HERE - you are plainly wrong; and

3. You still don't get it - it's not the one with the most money who has a higher standard of living, it's the one who has the most stuff, the most leisure time, the greatest security and the greatest individual liberty. You are thinking like a mercantilist - your ideas were debunked by Adam Smith several hundred years ago.
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