He's not misleading at all. He's talking about America having sound money (as it's defined in the Constitution). Why are you confusing his monetary policy with foreign trade? These are quite separate issues. Although our foreign trade deficit is partly responsible for the decline of the dollar.
You and those other economists must want a falling dollar because it increases our exports since other nations will find cheaper American goods attractive. But the fact is that we don't produce or manufacture very much in this country anymore. We have a huge trade deficit (imports > exports). So a falling dollar is what is going to 'tank the economy' since we import so many goods.
The China problem is a result of the loss of manufacturing production in this country and our dependence on imported goods. The fact is that government has placed so many regulations on corporations (Sarbenes Oxley) that we are no longer competitive.
Ron Paul would help here by reducing government and restoring our country to sound money.
Considering the rising cost of energy and food, it should be obvious that a strong dollar is in our best interest.
Slashdot Mirror
He's not misleading at all. He's talking about America having sound money (as it's defined in the Constitution).
Why are you confusing his monetary policy with foreign trade? These are quite separate issues. Although our foreign trade deficit is partly responsible for the decline of the dollar.
You and those other economists must want a falling dollar because it increases our exports since other nations will find cheaper American goods attractive. But the fact is that we don't produce or manufacture very much in this country anymore. We have a huge trade deficit (imports > exports). So a falling dollar is what is going to 'tank the economy' since we import so many goods.
The China problem is a result of the loss of manufacturing production in this country and our dependence on imported goods.
The fact is that government has placed so many regulations on corporations (Sarbenes Oxley) that we are no longer competitive.
Ron Paul would help here by reducing government and restoring our country to sound money.
Considering the rising cost of energy and food, it should be obvious that a strong dollar is in our best interest.