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 Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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