Wake Up America, Your Standard of Living Is In Jeopardy!

FoxNews.com

Old-fashioned parents know how important it is to teach their children the “value of a dollar.” Uncle Sam doesn’t seem to have learned this lesson though, which has grave implications for our future standard of living.

For most of this decade, the Federal Reserve has pursued a policy of having a “weak” dollar, a dollar that’s cheap in relation to other currencies. Current Fed Chairman Ben Bernanke prevailed on former Fed Chairman Alan Greenspan to adopt this policy, and Bernanke is now continuing it. And if continued much longer, a weak dollar policy—combined with overspending and bad tax policy–will irreparably reduce America’s standard of living.

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