It will help us with exporting, if we had anything to export. We could pull China's trick and say "Have a brand new motherboard, only $500!" And since $500 is barely enough to buy a Big Mac anywhere else, people would love our motherboards.
But yes, overall this is sucky.
One thing I wonder is, what happens to existing debts if the value of the dollar goes down? If I have $30,000 in student loans and suddenly the dollar's worth half as much, does the value of my debt effectively become less?
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Date: 2008-03-07 09:17 pm (UTC)But yes, overall this is sucky.
One thing I wonder is, what happens to existing debts if the value of the dollar goes down? If I have $30,000 in student loans and suddenly the dollar's worth half as much, does the value of my debt effectively become less?