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Politics : BuSab
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To: Jorj X Mckie who wrote (1936)9/25/2009 12:07:38 PM
From: grusum  Read Replies (1) of 23934
 
as life become more expensive through a weaker currency, the population becomes less able to spend with discretion. in other words, one is less able to buy at starbucks and macy's. one's income must go to the necessities like food, rent and electricity and other utilities. businesses get less and less money and what they do get is worth less still. eventually businesses will die and jobs evaporate. the standard of living falls. a weakening currency is a curse on us all.

trade deficits should be measured in value, not dollars. but value is hard to measure. by contrast, prices are easy to measure. so prices are what gets measured.

if deficits could be measured in value it would be clear that a strong currency is beneficial.

i maintain that we are starkly on the wrong path.

thank you Jorj, for your take on what i said.
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