/——-/ Now tell us how Joe Bootlegger Kennedy made his kids rich - just to be fair of course./----/ So some former professor knows more about business than the billionaire who is also the most powerful man in the world. Yeah, Spanky.![]()
What at Trump vs. Warren 2020 showdown would mean for the U.S. dollar
"A potential 2020 election showdown between President Donald Trump and Democratic candidate Elizabeth Warren would undoubtedly be touted as a clash of ideological extremes, but when it comes to economic policy, there is one area where there’s little daylight between the candidates."
Possibly true, but doubtful.
The real damage to the US dollar, is the damage to capitalism and productivity.
The reality with all exchange mediums... is all mediums only have value for what you can exchange them for. That's why we call them a medium of exchange.
Gold has no inherent value. The value of gold, is in what you can exchange it for.
Same is true of any other exchange medium.
As long as there is a massive amount of goods and services that you can exchange the US Dollar for, the dollar will have value.
Efforts by the government to weaken the dollar, will only be effective in one of two ways. Either they drastically reduce the productivity of the US, resulting in fewer goods and services being available, which results in the value of the dollar going down..... or they print money and cause inflation.
I don't see either of them doing that, but I do see Warren wiping out the economy.What at Trump vs. Warren 2020 showdown would mean for the U.S. dollarEfforts by the government to weaken the dollar, will only be effective in one of two ways. Either they drastically reduce the productivity of the US, resulting in fewer goods and services being available, which results in the value of the dollar going down..... or they print money and cause inflation.
I don't see either of them doing that, but I do see Warren wiping out the economy.
"But both Trump and Warren contend an overly strong dollar hurts U.S. competitiveness..."
"Trump has made his displeasure with the dollar’s persistent strength relative to other major currencies clear on Twitter and elsewhere, even prompting fears of a return to unilateral intervention in currency markets, despite assurances by White House officials that such actions were off the table.
"Warren, in outlining what she calls her 'plan for economic patriotism', wrote that the U.S. government 'should consider a number of tools and work with other countries harmed by currency misalignment to produce a currency value that’s better for our workers and our industries.'"
Which candidate likely has a better understanding of Macroeconomics?
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George Conway on TwitterTrump owes all his "success" to an accident of birth:So some former professor knows more about business than the billionaire who is also the most powerful man in the world. Yeah, Spanky
"In Donald J. Trump’s version of how he got rich, he was the master dealmaker who parlayed an initial $1 million loan from his father into a $10 billion empire. It was his guts and gumption that overcame setbacks, and his father, Fred C. Trump, was simply a cheerleader.
"But an investigation by The New York Times shows that by age 3, Donald Trump was earning $200,000 a year in today’s dollars from his father’s empire.
"He was a millionaire by age 8.
"By the time he was 17, his father had given him part ownership of a 52-unit apartment building.
"Soon after he graduated from college, he was receiving the equivalent of $1 million a year from his father."
Chomsky, not so much.
4 Ways Fred Trump Made Donald Trump and His Siblings Rich