[ExI] Australian dollar

[Dan]

Why is reducing imports a good thing?

Regards,

Dan

----- Original Message ----
From: BillK <pharos at gmail.com>
To: ExI chat list <extropy-chat at lists.extropy.org>
Sent: Wed, November 3, 2010 5:14:13 PM
Subject: Re: [ExI] Australian dollar

On Wed, Nov 3, 2010 at 8:42 PM, Damien Broderick <thespike at satx.rr.com> wrote:
> In case anyone's interested, today
>
> 1 AUD = 1.00582 USD

Yes, I noticed.  First time since 28 years ago.

Another step in the Fed's campaign to devalue the US dollar.

Currency devaluation has many bad consequences, of course, as well as
the good consequences of possibly increasing exports and reducing
imports.

Other countries appear to have noticed what the US Fed is doing, so we
may be entering a phase of competitive devaluations around the world.


BillK
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