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by clomond
1879 days ago
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The value of the dollar has not halved.... Against a basket of currencies, the US dollar index is approximately 10% lower than it was from the start of the pandemic. Pointing to the fed money supply chart as evidence is woefully misleading. Dollar index historical: https://tradingeconomics.com/united-states/currency |
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Counterpoint would be that against "a basket of assets" it is decreasing in value rapidly.
The EUR is probably tanking just as fast. What you are doing is like saying "shipping prices for steel have not increased, because the price to get a kilogram of steel across the ocean is hardly more than the price to get a kilogram of coal across the ocean".