[lbo-talk] Prospects and consequences of a devalued USD

Doug Henwood dhenwood at panix.com
Tue Feb 2 04:39:34 PST 2010


On Feb 2, 2010, at 12:23 AM, Joanna wrote:


> brad writes
>
> "What is the reason that the bourgeois press is talking about the
> inevitable
> decline of the US dollar? Because it helps capital and hurts labour."
>
> How?

Because it promotes the "need" for austerity. Tighter policy would presumably boost the dollar, though if it all went down the drain, it probably wouldn't.



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