You are the one that doesn’t understand it. What is the difference between 20% more decline in housing prices or 20% drop in housing value because you devalue the currency. The end result is still the same. The problem with this strategy is it makes everything we have to import more expensive.
Do you think wages are going to go up in this environment?
I don’t know about you but I have the ability to hold any currency I want and physical gold in the bank I am in. So I can easily protect my wealth from a falling dollar.
The course we are on is not a good one and time will tell whether you are as excited about this choice several years from now.
