Hmmm... Not sure what this has to do with the original thread but IMHO Greenman wants to devalue the US dollar as his contribution towards economic recovery.
This would act as a replacement for implementing unpopular fiscal policies (e.g. control US deficit) and to boost aggregate demand.
A lower dollar means cheaper exports and dearer imports thus increasing domestic demand and increasing employment.
This is at the risk of inflation which Greenman might otherwise like to provide a needed offset for an interest rate policy which is almost underwater ... albeit at the price of economic growth.
A devalued currency is seen as a sign of risk with credit worthiness and foreign investment woes usually following.
US Fed low dollar policies therefore might actually exacerbate a recessionary pressures rather than act as a remedy.
Nothing new about this ... the US economy has always been about keeping all the balls in the air at any cost ... and usually someone else's.
