Top 10 Honest Appraisals of "Strong Dollar" Policy
I remain amazed by American officials' cheek in reiterating a "strong dollar" policy while, in reality, doing everything possible to undermine the dollar's value--implementing zero interest rate policies, printing Treasuries in nearly unlimited quantities, clogging the central bank's balance sheet with junk assets, etc. Here, talk is the opposite of action. In short, it is hypocrisy. It's hard to miss the tragicomedy of it all, and the joke is on those of us dumb enough to hold dollars. A long time ago, I wrote about the "Top Ten Things the Dollar is Still Useful For." Given the recent travails of one David Letterman, I think it's time we revisit this territory. So, without further ado:
10. "Screw the greenback" policy



