• WarmSoda
    link
    fedilink
    arrow-up
    87
    arrow-down
    1
    ·
    2 months ago

    How would making the dollar weak “make America great again”? That’s stupid. The dollar being the worldwide currency is part of what makes America so strong.

    • Madison420@lemmy.world
      link
      fedilink
      arrow-up
      99
      ·
      2 months ago

      The effects of economic policy usually take between 2 and ten years more often than not 4 plus years… You know the term of a president. They do this as often as possible, they’ll fuck the economy with dumb shit their base loves not ultimately ruins the economy only to blame it on the next president.

      Its exceedingly transparent but people are apparently ever more exceedingly stupid or myopic.

        • Grobmobularb@lemmy.world
          link
          fedilink
          arrow-up
          20
          ·
          2 months ago

          A just until recent co-worker of mine, who is an Ultra die hard GQP moron, was just arrested for filming his 17 year old step daughter, who he’s raised since she was 8, in the shower for an untold amount of years. Fucking sick fuck! Typical Republican though…

    • makyo@lemmy.world
      link
      fedilink
      English
      arrow-up
      23
      ·
      2 months ago

      I’m going to assume someone told them exports would go up and they stopped there because GQPers are violently allergic to nuance

    • Rakonat@lemmy.world
      link
      fedilink
      English
      arrow-up
      18
      ·
      2 months ago

      Because of inflation goes up, interest rates go down, so the super rich borrow a ton of money and invest it elsewhere.

    • thisorthatorwhatever@lemmy.world
      link
      fedilink
      arrow-up
      16
      arrow-down
      1
      ·
      2 months ago

      It’s done from time to time. It’s to lower the export value of goods. A country prints a lot more money. Say Almeria wanted to sell more cars to England.
      Currently an American car is worth $30,000USD and $30,000USD can also buy 2 motorcycles from England (£‎24,000) .

      If the world is flooded with more USD, then the person from England can still buy the American car for $30,000USD but the American can now only buy 1 English motorcycle, as the value of USD has fallen to British Pounds.

      Great if you’re English and buying an American car, bad if you’re American and want to buy an English motorcycle.

      • WarmSoda
        link
        fedilink
        arrow-up
        2
        arrow-down
        5
        ·
        edit-2
        2 months ago

        Wouldn’t it be the other way around? The American could afford more English products than the English person buying American because the higher dollar meant the other currency rate was lower?

        Unless I’m misreading what you said.

        • aStonedSanta
          link
          fedilink
          arrow-up
          6
          ·
          2 months ago

          No. The value of the American dollar drops. The value of the British pound stays the same. American dollars are now worth less British pounds than before. So the 10000 dollar motorcycle now costs 16000 dollars. The motorcycle still costs 10000 pounds or whatever. It’s price doesn’t change.

            • Sentrovasi@kbin.social
              link
              fedilink
              arrow-up
              6
              ·
              2 months ago

              The other person is saying that devaluing the US dollar would make it easier for others to buy American products.

              I assumed you thought they were talking about strengthening the US dollar, so I pointed out that the original post (yours, I realise now) was talking about devaluation. Not sure why you think devaluation would give greater buying power.