Bear in mind every other country in the world is also practicing competitive devaluation (hence USD relatively unchanged), and the unrest over global inflation post the 2008 binge of QE led to wars and revolutions across North Africa and the middle east.
This policy does cause real suffering, and some would argue never really normalised the economy or led to growth for most of the economy.
Bear in mind every other country in the world is also practicing competitive devaluation (hence USD relatively unchanged), and the unrest over global inflation post the 2008 binge of QE led to wars and revolutions across North Africa and the middle east.
I'd love to read about the thesis/explanation you just outlined. Do you have a link or two on the specific topic of competitive devaluation v inflationary challenges and the global conflicts?
This policy does cause real suffering, and some would argue never really normalised the economy or led to growth for most of the economy.