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This would make sense on the surface except the US dollar is strengthening against basically all currencies. Perhaps we’re inflating but everyone else is simply
by thehappypm 4y ago
This would make sense on the surface except the US dollar is strengthening against basically all currencies. Perhaps we’re inflating but everyone else is simply inflating far more.
- jjtheblunt 4y agohow do you find the data to support this? finance.google.com or similar?
- engineer_22 4y agojust google "usd [country] exchange rate"
- coliveira 4y agoThis happens because the US is exporting inflation. That is, countries need to sell more of their local currency and use more USD to buy the same quantities of dollar denominated products, resulting in the USD going up. This is one of the reasons why they will try to decouple from the USD. In the past, countries had no other option than to continue using dollars. Nowadays there is a growing group of nations willing to trade in other currencies.
- adamc 4y agoMaybe in Euros. Otherwise, I'll believe it when I see it. China's handling of its economy has not been stellar and I don't know that folks will be in a hurry to use RMB. There's lots wrong with the dollar (or even the Euro), but... the alternatives aren't so great either.