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To: HiTech RedNeck
You’re lapsing into incoherence.

Inflation is what causes the dollar to drop in the first place.

Inflation causes price and wage increases.

Price and wage increases make cheaper foreign goods more attractive.

Price and wage increases wipe out any benefits to exports from a lower dollar by increasing production costs.

Didn't mean to go over your head.

31 posted on 02/24/2012 2:15:33 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: BfloGuy

You are quite incoherent about how such a situation miraculously causes imports to undercut local items. The same weakening dollar chases after both.


32 posted on 02/24/2012 4:15:30 PM PST by HiTech RedNeck (Sometimes progressives find their scripture in the penumbra of sacred bathroom stall writings (Tzar))
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