Thursday, February 07, 2008

Inflation and purchasing power

Double Blind has a good post about inflation and it's relationship to purchasing power. It's written by a Canadian, so the references to dollars are about Canadian dollars.

But it's a topic American's need to be paying attention to. The American dollar is losing purchasing power at a very dangerous rate. You can thank government policies about lower taxes and higher spending for that and I don't see any indication that Clinton or McCain will do anything to change that direction in a meaningful way. Maybe Obama will save us. Maybe he won't.

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1 Comments:

Blogger Lynda said...

However, a weak dollar does stimulate exports, which benefits the U.S. economy.

4:04 PM  

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