[Southack]

"If you are advocating a continuous round of competitive currency devaluations, then I ask again...Is this a conservative policy? How do you know when one nation wins? Where is a historical example of a competitive currency devaluation bringing prosperity?"

Japan, circa 1946 until today (compared to pre-ww2 values). China, circa 1990 until today.

Is it "conservative?"

Yes, in the sense that it is Nationalistic to subsidize your exports and penalize the imports of comeptitor nations.

[investigateworld]

"...Subsidize your exports..." Gee you mean there are governments that work to under mind the American worker (Second correct thing you've said tonight)

[OwenKellogg]

>>> Japan, circa 1946 until today (compared to pre-ww2 values). <<<

Are you saying that Japan found prosperity by devaluing their currency?


>>> Is it "conservative?"

Yes, in the sense that it is Nationalistic to subsidize your exports and penalize the imports of comeptitor nations. <<<

Southack, subsidies and tariffs to manage trade are not conservative values. You are espousing liberal policies!

[OwenKellogg]

Recap:

You have dropped the fundamental purpose of a currency -- to be a store of value, so that government may manipulate the economy.

You have acknowledged that it is good for the government to be able to manipulate spending and savings habits of its citizens through currency manipulation.

You have endorsed the use of currency manipulation in order to manage trade.

It doesn't get any more "non-conservative" than that.

If I recall, you were slapping people pretty hard earlier in the thread. I just don't see that as proper.