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Both Donald Trump and Elizabeth Warren want the dollar to be weaker because, as we will see, a weaker currency will boost exports. So, is this one way to summa
by stcredzero 7y ago
Both Donald Trump and Elizabeth Warren want the dollar to be weaker because, as we will see, a weaker currency will boost exports.
So, is this one way to summarize it: The lowlier a country's populace is on the world stage, the better the balance of trade, and the more the country's elites benefit? Of course, this isn't true 100% across the board. Make a country's economy backwards enough, and its businesses will lose the ability to compete in high margin value add goods.