Dollar Falling, Oil up in reaction to Bush

[Erc]

I know diddly about macroeconomics, but other than a prestige thing, is there actually anything bad that results from the dollar falling (assuming no domestic inflation)?

[Erc]

The falling dollar quite literally makes Americans, and America, worth less.  We are a lesser country because the GOP has debased the currency.

So our national prestige is wounded.  Oh, no.

I think timan's little anecdote helps prove the point that the weak dollar is actually good for the US economy in the short run--if it's harder for him to spend things overseas, it's easier for other people to buy stuff here...


Wasn't opebo a halfway-sane poster before November 2nd?