Your forgetting that the goods only appear cheaper to those holding the stronger currency.
If you're in the USA your buying the cheap goods with ever more of your now cheaper dollars - so that aint so good for you.
No.........What you are describing is called "inflation"....right now we are at probably somewhere between a 2-3% annualized inflation rate. Prices for imported goods have increased, not domestic goods, they now appear cheaper relative to their foreign counter parts.
Wouldn't we all rather buy American if it was Less expensive? And keep jobs here instead of sending them abroad?
The "devaluation" of the dollar has only to due with currency exchange rates. It has nothing to do with our purchasing power of "domestically produced goods". If we were to have a corresponding rise in the inflation rate here, then we would have our full fledged recession.
A good example of this is what has happened to the price of "crude oil". This commodity has been tied to the dollar, so as the dollar devalues, and these countries exporting oil, do not adjust their pricing downward , then oil is more expensive in this country. Changes in supply obviously affect price also, but the most recent rise has been largely a result of the devalued dollar.
This is why recently, OPEC was talking about going off the dollar standard for oil, and instead going to the Euro dollar as the exchange currency, for "Black Gold".
The advantage of a devaluation is to reduce our Balance of Payments deficit in this country (Net Exports-Net Imports) ------ We are in the red here with most of our trading partners. The more we do this, the more jobs will find their way abroad...Not a Good scenario.
A devaluation can make US Manufacturing companies immediately competitive abroad...........More Sales = More Jobs...Thats Good!!
ie...............Jon's threat to cross the border to buy goods....thats all we need is a Canuck invasion....
