Economics

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Is Trump crashing the economy in order to devalue the $USD? (self.economics)

submitted 2 weeks ago by goofus to c/economics@lemmy.world

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Devaluing a currency is a well known strategy to boost exports. But it might also be useful to reduce imports and build up a local economy. I am wondering if anyone has heard of any discussion of plans to manipulate the future value of the $USD? Will the government print money to reduce the cost of its debt?

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[–] shortwavesurfer@lemmy.zip 2 points 2 weeks ago

Of course they will.

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