As to the total issues with devaluing the dollar I don't think the US has alot of choice due to the massive trade deficit
Choice or not, it will almost certainly hurt the US this time around, because China and Japan are not going to absorb the cost of this debt write-off. (Note: "a lot" is two different words, "alot" is not a word.)
And if they want and need those ppl here so bad make em citizens and let them pay for everything we pay for as citizens as they do use out roads, schools, etc etc.
They do pay taxes already. Granting citizenship is fine and appropriate, but it will not increase tax revenue, except that employers would be forced to pay better wages to immigrants.
As with most macroeconomic fiscal policies, weakening the dollar carries a counterbalancing price. Remember that an expensive dollar reflects a desire by foreigners to invest in America and to buy our products.
Outcomes of an artificially weaker dollar:
Most obviously, higher interest rates. Since we borrow so much from abroad, weakening the dollar does lower the cost of repaying those debts. But it also means that foreign lenders (like Japan, China, and Russia) will start demanding higher interest rates in order to lend to us, driving up the overall borrowing cost, and hurting investment, home building, car purchases, consumer spending, and everything else.
The "petrodollar" - the fact that OPEC accepts only dollars for oil - would mean that gas would become "cheaper" for everyone else, or more likely, the same price for everyone else, but more expensive for Americans. We are a very fuel-dependent economy.
While it becomes easier for American exporters to sell products abroad (since they're cheaper for foreigners), it also becomes more expensive for American businesses and consumers to import. American businesses and consumers do depend on affordable imports to support their lifestyles and their bottom lines. It must be remembered that we like to import a LOT of stuff (more than we export), and we do live in a truly global economy.
Devaluing the dollar "worked" once, with the Plaza Accords, but only because Japan essentially agreed to eat the cost. Japan also arguably has suffered a very long recession (15+ years) as a result. I doubt Japan or China will be willing to take that kind of a hit for us now.
1) Cappucino has a nice froth effect, as does macchiato, and they are delicious.
2) Ice coffee from vending machines is a staple in Japan, and it's delicious. It often has a bit of a foamy effect as well. Think soft drink, not hot beer!
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Choice or not, it will almost certainly hurt the US this time around, because China and Japan are not going to absorb the cost of this debt write-off. (Note: "a lot" is two different words, "alot" is not a word.)
And if they want and need those ppl here so bad make em citizens and let them pay for everything we pay for as citizens as they do use out roads, schools, etc etc .
They do pay taxes already. Granting citizenship is fine and appropriate, but it will not increase tax revenue, except that employers would be forced to pay better wages to immigrants.
As with most macroeconomic fiscal policies, weakening the dollar carries a counterbalancing price. Remember that an expensive dollar reflects a desire by foreigners to invest in America and to buy our products.
Outcomes of an artificially weaker dollar:
Most obviously, higher interest rates. Since we borrow so much from abroad, weakening the dollar does lower the cost of repaying those debts. But it also means that foreign lenders (like Japan, China, and Russia) will start demanding higher interest rates in order to lend to us, driving up the overall borrowing cost, and hurting investment, home building, car purchases, consumer spending, and everything else.
The "petrodollar" - the fact that OPEC accepts only dollars for oil - would mean that gas would become "cheaper" for everyone else, or more likely, the same price for everyone else, but more expensive for Americans. We are a very fuel-dependent economy.
While it becomes easier for American exporters to sell products abroad (since they're cheaper for foreigners), it also becomes more expensive for American businesses and consumers to import. American businesses and consumers do depend on affordable imports to support their lifestyles and their bottom lines. It must be remembered that we like to import a LOT of stuff (more than we export), and we do live in a truly global economy.
Devaluing the dollar "worked" once, with the Plaza Accords, but only because Japan essentially agreed to eat the cost. Japan also arguably has suffered a very long recession (15+ years) as a result. I doubt Japan or China will be willing to take that kind of a hit for us now.
Two reasons:
1) Cappucino has a nice froth effect, as does macchiato, and they are delicious.
2) Ice coffee from vending machines is a staple in Japan, and it's delicious. It often has a bit of a foamy effect as well. Think soft drink, not hot beer!