Dollar Phenomenon Explained - The American Spectator | USA News and Politics
Dollar Phenomenon Explained

In this column in the Wall Street Journal, Stanford’s Ronald McKinnon explains what I have for so many months been trying to explain about the need for a stronger dollar. The key line is that if we were in a closed market, interest rate cuts would help, but in a worldwide market in which investors are fleeing the dollar, the rate cuts cause even more flight from the dollar, which sets up a vicious cycle. It’s all rather counterintuitive, but McKinnon explains it quite well.

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Stop the Inflation Grinch From Stealing Christmas!

That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

What hasn’t increased? The cost to subscribe to The American Spectator! For a limited time, we are offering our popular yearly subscription for only $49.99. Lock in the lowest price of the year by subscribing today

The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation