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>it would mean every country is supporting the US at the cost of devaluing themselves. That's what they want as export based economies.
by corimaith 1y ago
>it would mean every country is supporting the US at the cost of devaluing themselves.
That's what they want as export based economies.
- forgotoldacc 1y agoNot when you get to the point where your currency is so devalued that importing raw materials necessary for those exports becomes expensive, and basics like food and fuel become unaffordable for locals, as is the case in Japan. A balance is necessary, and things have been off balance recently.