Hacker News new | ask | show | jobs
by lgleason 128 days ago
If only that was to translate to cheaper hotel room prices in the US. Currently they are sky high.
2 comments

Tell me about it. I remember being able to snag a nice room at a Courtyard/Hampton caliber of hotel for like $100 in 2016-18 timeframe. Based on https://www.in2013dollars.com/us/inflation/2016?amount=100 I would expect that to cost about $135 now if adjusting only for (hyper)inflation. It instead tends to cost something like $175-225/night. WTAF.
Trump has been devaluing the dollar quite rapidly. Give it time. The US will become a like developing nation in no time.
The US is, and always has been, a developing nation. What sets it apart from all other developing nations is that it controls the de facto world currency, making it a very wealthy developing nation. All of the cultural factors are closer to a third world country, but the wealth is first world, more like Russia than like western Europe.
Canada's policy is to keep the CAD cheaper than USD. No matter how fast USA goes, Bank of Canada can keep up.