Trump and Elizabeth Warren have the same very bad idea about the dollar

Posted In: News Date:Sep 22nd, 2019

Both President Trump and presidential hopeful Senator Elizabeth Warren have floated the idea of weakening the dollar to help sell US exports.This is a very stupid, dangerous idea.Weakening the dollar would scare the world away from US assets, hurt already weakening confidence in the US government, and potentially start a race to

"Foreigners buy US stocks and bonds (which are denominated in US dollars, of course) because they believe these financial assets (and the currency in which they are denominated) are not going to be randomly manipulated by some impulsive and unprofessional government,"