patrick.net

Dan8267 says

The net effect on exports, however, is zero because instead of paying 100
2013 dollars, the importer would simply pay 100,000,000 2014 dollars. It's the
weakening of the dollar, not the weak dollar that promotes exports by having
domestic dollar holders subsidize the importers at the expense of the domestic
dollar holders.

OK--I see what you're saying, but I still disagree that time has any relevance. The key point in your system is the way the new dollars are distributed. If you did it in the exact proportion of the current wealth, it wouldn't have any effect on purchasing power.

I was thinking more along the lines of the way it usually happens--where many of the new dollars are used to pay off trade deficits so those dollars leave the country. If you devalued the dollar instantly but sent 75% of them overseas, then doing business would be more favorable in the US. Time isn't important.

Here is an hour of schiff explaining what happened
https://www.youtube.com/watch?v=F9LNP-yXXUc

APOCALYPSEFUCKisShostikovitch says

You know what's really retarded? Getting in front of Samantha Bee and thinking you're not going to be zoo'ed out.

Peter Schiff is probably one of the best know Austrians, me thinks pretty good PR. Do you think Paris Hilton is also stupid? What about Miley Cyrus?

Given the estimated gross tonnage, I believe the universe must be made of stone to support itself.

sbh says

indigenous says

mell says

If you look at the progressive tax rates, a lot of these "socialist" countries tax less than the US, some have flat taxes.

What is your source of information on this?

Be gentle with Indigenous here, Mell, you hold the very fabric of his universe in your hand.

Because Dan doesn't consider income redistribution as stealing.

tatupu70 says

Dan8267 says

A weak dollar, a strong dollar, it doesn't matter. You could make the dollar worth less than one millionth of its current value. It wouldn't help exports one damn bit if you did so instantaneously and without stealing purchasing power from people.

How could you make the dollar worth less than one millionth of its current value without stealing purchasing power from people?

SoftShell says

Because Dan doesn't consider income redistribution as stealing.

Currency debasement is income and wealth distribution from the middle class to the filthy rich who do not work. And yes, it is stealing, no different from breaking into someone's house and robbing them.