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What can we do to improve the US economy and the value of the dollar?
By Rose | January 9, 2008
qwerty asked:
What can we do, as average citizens of the United States, to improve the US economy and also to increase the value of the dollar?
Glenn
What can we do, as average citizens of the United States, to improve the US economy and also to increase the value of the dollar?
Glenn
Topics: US Economy | 4 Comments »
January 13th, 2008 at 8:42 pm
Stop taking out loans! And don’t buy shiit you can’t afford!
January 16th, 2008 at 12:17 pm
This is the same thing I am trying to figure out myself. From what I have researched so far, the recession is needed. I guess the dollar can be saved by lowering our deficit and we need to get all the extra money out of circulation. I am worried about the dollar. I dont know if it will last. At least for now buy American products and be sure to stock up on non perishable and start a garden just in case.
January 18th, 2008 at 11:00 am
A ’sound money’ policy. A fiat currency, even though we’ve learned to control it somewhat, is like a wild dog in your house…eventually it’s going to bite you. Man factors have lent themselves to keeping our currency rather strong over the last few decades such as our industrial and technological dominance in the market. But that’s changing and there’s a bit of decoupling over the last few years. The bubble just honestly can’t last forever. It’s going to collapse at some point. Whether it is tomorrow or in 10 years, not sure, but artificial manipulation of the market as central banking has done can only delay it for so long. Eventually the bill comes due and you have to pay the piper.
January 19th, 2008 at 12:27 am
The low value of the dollar benefits the US economy in many ways
helps stave off the risks of deflation and reduces the trade deficit
raises the foreign sales and profits of domestic firms and encourages foreign countries to lower interest rates and loosen fiscal policy