we have a huge trade deficit we are payingback withcheaper dollars...., isnt that good?
Oh, yes. And even better, outsourcing or even relocating to foreign countries (something that many FReepers go ballistic over) becomes more and more unattractive to American companies as the dollar falls. In fact, companies in other countries will outsource their work to the US as being more economical for them. So a falling dollar means more American jobs.
Even worse for our trading partner China - a falling dollar means that their products are therefore less desirable.
Our cheaper dollars are financing less of China’s military right now, which I’m happy about.
Ask all the p.o. Germans whose government paid off the ww1 debts with hyper-inflated German Marks crushing the savings of the middle class.
They ended up electing Hitler in power and we all know how that went...