Unfortunately, the dollar will probably not recover somewhat until next year. The current administration is using the weak dollar to prop up the economy. Like they have been for the last years.

Dude the Canadian dollar is doing better than the US dollar.

we should have used the purestrain gold standardLog in to see images!

Great to be canadian now, though it took them about three weeks to get prices on stuff right here so we still where paying more for some stuff then should have. Made people want to go to the states to shop.

Well, while a gold standard would be somewhat better in that particular instance it fails horribly due to its inflexibility under any other conditions. Also, there are a dozen other ways of alleviating the dollar, most of which involve improving other parts of the economy. I mean, there’s a reason why Log in to see images!)

Generally speaking, currency values should be viewed more as symptoms of other policies than reasons for policy in and of themselves.

You can’t eat your cake and have it too.

As much as the dollar is falling, it only affects importing and exporting. Inflation is occurring over fear that the oil prices are going to keep rising, but at the same time as our dollar affects imports and exports we’ll be soon have a different style of economy: instead of us importing everything we’ll be able to export just about anything at a lower cost and for a lower price-of which even China’s sweatshops couldn’t compete.

Why else do you think everything “made in China” has been so cheap for the last decade? They were able to artificially de-value their currency to the point that they could export products for a lower price at a lower cost. And now that the dollar is being degraded, we’ll soon be in China’s position when it comes to exports.

And so, the cycle will continue to occur until someone puts an end to it.

Of course, now that the housing market bubble has busted open, foreigners will inevitably start investing in real estate here at home and start paying all sorts of taxes that we pay.

TLDR version: The economy must have its ups and downs, and Roosevelt was an idiot for interfering.

GRX Dragon Posted:

TLDR version: The economy must have its ups and downs, and Roosevelt was an idiot for interfering.

First rule of economics: Never take financial advice from a camwhore.

Second rule of economics: Never take financial advice from a camwhore.

Signed,

Loosey-Lou, the Camwhore

...explain how they were horrible. Start by explaining how the interstate highway system was a bad thing, then explain how financial stimulus made the Great Depression worse. -5 points every time you use an argument endorsed by Log in to see images!

You should’ve invested in gold. You may have a chance, gold prices are overdue for a correction.

...so if I understand correctly, GRX, you’re espousing extreme Laissez-faire economics? As in, “people who were unemployed during the Great Depression should not have been helped” economics? As in Adam Smith and Rockefeller and “I drink your Milkshake”?