127

Graham wrote on X: “Unless your dollar-denominated net worth has increased by at least 11% this year, you’ve become poorer. The dollar has decreased about 10% in value since Trump took office.”

you are viewing a single comment's thread
view the rest of the comments
[-] UnderpantsWeevil@lemmy.world 20 points 1 month ago

A feature, not a bug, for gold bugs and domestic in-sourcing advocates. A weakening US dollar plays the same role as the tariffs - driving up the cost of imports and cheapening the labor of American domestics. This is a prelude to the American government instituting a Shock Doctrine on itself. Finally, all those lingering public lands and utilities and amenities can be privatized. A return to Coolidge Era Economics, at long last. Took them nearly a century, but the Republican Revolution will finally be complete.

this post was submitted on 12 Aug 2025
127 points (98.5% liked)

Economics

2150 readers
2 users here now

founded 5 years ago
MODERATORS