Is it really possible to inflate/devalue our way to prosperity?
 

Clearly, the strategy seems to be to ignore inflation, and make no effort to stablize the US dollar.

That seems to have some short term benefits, and push off pain to a later day.

But is it really a good plan for the long term? Has it ever been successfully done, anywhere in the world, long term?

Brazil ;).

Playing the rate of exchange game is a dangerous one...

remember when 1,000 dollars used to be a lot of money?

It was when I was scrounging change for beer and a burger in College.. :D

Still is...just ask everyone here to send you a check in that amount for nothing in exchange. Don't hold your breath waiting for the envelopes to arrive.

+1. $1,000 is a lot of money....

I am accepting envelopes with as little as $20.

I will accept envelopes with ANY amount of money in them....

A cheap $$$ means that the price of US goods and services are cheap in the world market place. Much to the Europeans chargrin. Notice that the $$$ to yen has remained roughly the same for years.

Also with the devalueing of the $$$ anyone left holding them or US Treasury Bonds has paid for the war in Irawreck in a roundabout way.

Why would Europe worry, the Euro is still strong and holding purchasing value. The price of oil in Euro's is probably pretty constant, it's the price in Dollars that is going up, because the Dollar is going down.

Did you know that even with the cheaper dollars, there are only about 2 countries in the world we have trade surpluses with.

Tabs, I used to sell product to Japan when the yen was 245 to the dollar . Now it's what, 118 (or so). That's a pretty healthy decline.