Wednesday, December 28, 2016

Complaints About Strong Dollar

Now that ain't working
That's the way you do it
Lemme tell you
Them guys ain't dumb
--Dire Straits

As predicted, complaints are getting louder about the adverse effects of a strong dollar. WSJ posts a litany of negatives aimed at making you think that the big plus of a strong currency--greater purchasing power--isn't worth it.

How to weaken the dollar versus other currencies? Print more of it, of course.

Articles like the above serve to legitimize theft by inflation in minds of many.

No comments: