To: Toddsterpatriot
If the dollar buys fewer Euros or Yen, how will your raise get bigger? Like I said it would be less in real terms (at least if I consume a lot of foreign stuff), but more in nominal terms. And the debt would still be in nominal terms. Think of it as what the government does to inflate their way out of the debt, on a more individual level.
36 posted on
12/12/2006 1:12:12 PM PST by
NeoCaveman
(Kucinich, Vilsak, Obama, Biden, Bayh, Dodd, & Edwards the 7 dwarves to Snow Rodham)
To: NeoCaveman
Like I said it would be less in real terms (at least if I consume a lot of foreign stuff), Your foreign goods would be more expensive.
but more in nominal terms.
How?
Think of it as what the government does to inflate their way out of the debt,
You're confusing inflation with a drop versus other currencies.
47 posted on
12/12/2006 1:30:18 PM PST by
Toddsterpatriot
(If you agree with EPI, you're not a conservative!)
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