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10 sats \ 7 replies \ @Bell_curve 4 Feb \ parent \ on: Canada Follows Mexico Caving To President Trump news
a strong dollar is bad for American exports
Trump wants to boost American exports and one way to achieve that is with a 'weaker' dollar
not saying I agree with him but that's where he is coming from
so all americans should accept to lose value with a weaker dollar in favour of a few exporting companies? It's like saying I am so happy my wage is losing 15% per year, because at least boeing and ford are exporting more. lol
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no American 'should' accept anything
if you work in an export industry like agriculture a weaker dollar sounds beneficial but it's only a short term benefit
stronger dollar benefits all Americans in the long run
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sound money or death!
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Exactly. When you are trying to ramp up your exports a strong currency is an issue for a company because of the cost to produce is often much higher compared to weaker currencies. A prime example is Southeast Asia being used to manufacture and export. Due to their weaker currency it’s cheaper for them compared to the US.
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you're all a bunch of socialists, read Mises, Rothbard and Hoppe.