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A Weak Dollar Won’t Fix the Trade Deficit People assume a weaker dollar helps America by boosting exports and shrinking the trade deficit. But here’s what I see happening. When the dollar falls, imports get more expensive immediately. We may buy a little less, but we’re paying more for everything we bring in. That often makes the trade deficit worse in the short term. A weaker currency doesn’t make us richer — it makes what we buy more expensive. #TradeDeficit #USDollar #PeterSchiff #Macro #Econ
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