News You Can't Use: Timmy G. Advocates Turbo Dollar

It would probably save a lot of trouble to just include this line in the Secretary of the Treasury’s oath.

A strong dollar is in America’s national interest

Assuming, of course, that America’s national interest includes making exports less competitive, driving consumers (if any) to Bed Bath & Beyond (and similar) for the latest useless carp imports, and making Cap d’Antibes apartments more affordable for the little people.

Geithner Says a ‘Strong Dollar’ is in US National Interest

by Brendan Murray

Bloomberg Jan. 22 2009

Comments

[Tradememe:]

Yes, a strong dollar is in America’s national interest. Currency devaluation does not result in more prosperity.

Jan 23 05:00 AM

[OldLimey:]

Tradememe: "Currency devaluation does not result in more prosperity." I reckon a few hundred million folks in Asia might disagree with you on that - silently, of course.

Jan 23 01:20 PM

[danmcl:]

Actually, if the chinese peasants would realize why their cost of living is increasing so much, they would likely agree that currency devaluation does not result in more prosperity.

They, like typical Americans, don't recognize that inflation and monetary devaluation steals money form their pockets.

Jan 23 03:28 PM