The average consumer is in a huge amount of dollar debt, and those dollars will become weaker too. It's people who are owed money (the wealthy) who are generally the inflation fighters.
Sounds good on the face of it, except that the evidence points in a completely different direction.
Have you ever seen any of these wealthy people you mention go to Washington to champion a strong dollar policy? I haven't. Have you ever seen Hu Jintao go to Washington to call for a stronger dollar? I have. We all have.
Perhaps the truth is closer to this: The US is in a huge amount of dollar debt, and those dollars will become weaker. It's the countries who are owed money (China) who are generally the inflation fighters.
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The average consumer is in a huge amount of dollar debt, and those dollars will become weaker too. It's people who are owed money (the wealthy) who are generally the inflation fighters.
Sounds good on the face of it, except that the evidence points in a completely different direction.
Have you ever seen any of these wealthy people you mention go to Washington to champion a strong dollar policy? I haven't. Have you ever seen Hu Jintao go to Washington to call for a stronger dollar? I have. We all have.
Perhaps the truth is closer to this: The US is in a huge amount of dollar debt, and those dollars will become weaker. It's the countries who are owed money (China) who are generally the inflation fighters.