Actually, the US is inflating away its debt. Their deficit is getting cheaper by the day (source: Bloomberg).
And after visiting the US this month, and seeing how expensive it has gotten, it's no longer cheaper to buy anything there. Clothes, restaurants, food, and drinks used to be cheap for Aussies, but those days are well and truly gone. And don't get me started on (USD$400 3.5 star hotels / AUD$700).
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