4 ms·
My understanding is a bit of inflation would actually be a good thing for the US at this point. A weaker dollar means exports are more competitive and imports
by codyb 6y ago
My understanding is a bit of inflation would actually be a good thing for the US at this point.
A weaker dollar means exports are more competitive and imports are less desirable which would boost American exports.
It's also a huge boon for the rest of the world which deals with dollars extensively.
Finally, most economists seem to have come around to the fact that our national debt is sustainable and the economic activity is more valuable than the interest payments on it.
- postalrat 6y agoI think a lot of people are seeing inflation on things that technology can't easily bring the price down on. Such as homes.
- dantheman 6y agoAlso healthcare and education. It also destroys the wealth of those not holding assets and robs the poor by lowering their inflation adjusted income.
- baybal2 6y agoBy the book it will be... But USD being such a big saving currency internationally, US will have really hard time to dial in inflation level. It may be 5-6% or it may hit 10%+. Nobody know how both people, and bankers around the world will react to first significant USD weakening in decades.