10.17.2006

A Note of Optimism

Globalization will not cease. In fact, by the devaluation of our own currency relative to other currencies of the world such as the Euro or the Huan, our economy will, through hyperinflation become a most favored manufacturing state, just as China is to us today. Will there be work for American workers? Yes. Does it benefit everyone to let inflation go sky high? In the short term, no; in the longterm, yes (at least for middle class Americans).