Quote:
Originally Posted by sck5
Never in the history of the US has monetary policy been aimed at the exchange rate if internal concerns dictated otherwise. There is no way that is going to change in the near future. And it is very true that that if they keep pumping money out while the economy is tanking and foreigners are not wanting to hold them then the only possible outcome is more inflation.
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So True, and this time's no different. Maybe we can finally unmothball some manufacturing plants in Michigan and Ohio.