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I've only just started reading that, but right in the first few paragraphs it says that the main problem is that USD is overvalued, and their proposed solution
by thfuran 2y ago
I've only just started reading that, but right in the first few paragraphs it says that the main problem is that USD is overvalued, and their proposed solution isn't inflationary. I'm kind of confused.
- dybber 2y agoThat’s because it doesn’t make sense. From Paul Krugman: > The document simply doesn’t hang together. Part 3 makes the case for tariffs by arguing that they won’t be inflationary because they’ll lead to a stronger dollar, reducing import prices. Part 4 then calls for an all-out effort to weaken the dollar, using emergency powers if necessary. https://paulkrugman.substack.com/p/trumps-team-of-economic-yes-men https://paulkrugman.substack.com/p/trumps-team-of-economic-y...