Paul Krugman tells us,
“a fall in the dollar . . . wouldn’t be a terrible thing and might actually help the economy.”
By help, he means help U.S. workers work longer hours for less buying power, to better compete with third-world workers.
With help like this, who needs enemies?
Krugman does make the point, “the unemployed don’t hire lobbyists,” the root of the government’s inaction to correct the long-term unemployment situation.
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