Dollar losing 1/3 of its value? Against what currency?
In terms of Purchasing power; That is more important than exchange rate per se. With a third (of purchasing power) off, $5 gas becomes $7.50. It is easy to replay 1970’s and see what would happen. Whoever wins, he will be a Jimmy Carter (a helpless and incompetent president) in the eyes of the populace. The best strategic advice any one can give to the candidates – lose this election and avoid becoming a one term failure.
