What do you (or anyone) think about this:
The money supply should be enlarged as much as possible without causing undo inflation. How the dollar pegs against other currencies is of little interest because the total amount of dollars available will be greater, even if an individual dollar is worth less.
So if the dollar continues to fall, it matters little as long as inflation remains stable.
Are the above statements correct?
So if the dollar continues to fall, it matters little as long as inflation remains stable.The Fed already answered this by its continued, albeit small, money tightening.