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So much more of our basic needs are imported that a weak dollar will not help us.
That was fine when we actually had lots of manufacturing and exported our goods.
But most of our clothes, household goods and food products are imported.
Go and try to find a toaster oven made in America..I couldn't.
Oh, you can find them at garage sales. Most are coal-powered.
As you seem to have never heard of Coca-Cola, Stanley Tools, or the vast array of Hollywood films, I doubt answering your question would be of much utility.
A devalued dollar contributes to inflation; the money you save is worth less tomorrow. Your paycheck is worth less next week than it is today.
We deal in a world of scarcity, so the no effect is ever remotely all bad or all good, everything has some effect, so to sum it up to something this simple is not totally seeing the entire picture. A weak dollar does not contribute nor cause inflation, excessive spending, large debt, and excessive printing of money, cause inflation. Rising corporate cost, via energy, government regulations, and other corporate cost issues tend to rise cost, thus raising inflation. The only way your point would make sense is in relation to traveling aboard.
Also, there are a number of things a falling dollar generates and is good for. For starters, exports go up, so jobs, that are found in exporting industries tend to rise and employ large amounts of people. Foreign travelers, tend to come in hoards, thus contributing to our GDP etc. Nothing is ever that simple, remember scarcity!
We deal in a world of scarcity, so the no effect is ever remotely all bad or all good, everything has some effect, so to sum it up to something this simple is not totally seeing the entire picture. A weak dollar does not contribute nor cause inflation, excessive spending, large debt, and excessive printing of money, cause inflation. Rising corporate cost, via energy, government regulations, and other corporate cost issues tend to rise cost, thus raising inflation. The only way your point would make sense is in relation to traveling aboard.
Also, there are a number of things a falling dollar generates and is good for. For starters, exports go up, so jobs, that are found in exporting industries tend to rise and employ large amounts of people. Foreign travelers, tend to come in hoards, thus contributing to our GDP etc. Nothing is ever that simple, remember scarcity!
Inflation, as it was calculated during the Carter/Reagan administrations, now stands at about 11%. As the dollar falls other countries will not use it in their reserves, they will switch to the Euro instead.
When money is created out of thin air it is devalued...it makes the dollar in my hand worth less...
When other countries tie their currency to the Euro things will cost us much more; if our dollar was stronger oil would not cost so much...
They will go back to India and China and get good IT jobs in multinational companies that are based in the US.
It's called offshoring
Then my husband will need to find another job when his company sends his to those places...
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