Most folks are beginning to care about a weak dollar. They simply don’t understand it.
Too
many are still certain about government being able to offer them more
goodies. That’s because they are often influenced by media sound bytes
when it comes to political news. It’s sports and other circuses that get
too much of their real attention.
So a weak dollar that concerns whether foreigners or foreign governments buy U.S. Treasury bonds have no special importance to them.
But when they have heavy inflation because the government has to literally print money to balance the budget, they will notice. By then they will blame the wrong folks for their financial woes, taking their cue from the same faulty media sound bytes. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment