Expecting Congress to spark sustainable growth is a losing battle.
Instead, look for more calls to weaken the dollar like the one in today’s New York Times.
New research reveals that what was once a privilege is now a burden, undermining job growth, pumping up budget and trade deficits and inflating financial bubbles. To get the American economy on track, the government needs to drop its commitment to maintaining the dollar’s reserve-currency status.
There’s no “new research” here and it’s a simplistic look but it’s a sign of the shifting political debate.
