re: #290 SixDegrees

And frankly, a weak dollar is a good thing in a recession - it makes domestic goods more attractive relative to imported products, and makes our exports more attractive overseas.

A problem with that latter point; sure, a weak dollar helps our producers export more in volume… but they’re getting “paid less” for what they export, so to speak. In effect, the rest of the world gets to take the fruits of our labor, and pay for it with Monopoly money (I exaggerate a little for effect, of course). And to the extent domestic producers need to buy imported raw materials or components with weak dollars, they suffer in comparison to foreign competitors.