A way to stimulate the USA economy is to lower the value of the USA dollar. We had that for a few years in the past decade, but not long enough.
The folks on the cosasts went into a panic, stock market fell, the dollar value fell. And the govt did everything it could to turn that around, prop up the stock market, make the dollar very strong again....
But with a low dollar value, we were able to export a lot of raw materials at a very nice profit (grains, lumber, ethanol, even fuels from crude). Given more time, we were able to export manufactured goods and compete with China, Mexico, etc and actually improve our balance of trade. As well manufacturers could make stuff in the USA and sell here, competitively with imported goods.
But it did not last long enough to get our exports and our manufacturing up to speed for long term.
The big investment and insurance companies won, and we have returned to a strong USA dollar and poor manufacturing envioronment.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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