Emperor with no clothes - Reader comments at The New York Sun

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The McCain Dollar

Submitted by Peter Duray-Bito, Mar 5, 2008 13:32

Leading a campaign to respect the dollar is akin to the emperor with no clothes. The plain fact is a currency's health is directly tied to sovereign debt. Currently, total U.S. credit market debt is at 4 to 1 over Gross Domestic Product, a level not seen since the Great Depression. Monetizing this debt essentially dooms the dollar and preening or posturing is a complete waste of time. About all that's left is regretting our inattention to the debt we've piled up.

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Other reader comments on this article

Comment	By	Date
McCain could very well turn the economy around with this "break year" he's planning on doing. This year of cutting... [MORE]	Dale Rimjob	May 5, 2008 10:10
Yes, there is a big problem with the dollar. So yes, any candidate who can associate himself with the solution... [MORE]	H.J.Poell	Mar 6, 2008 04:28
Many economic professors and policy makers believe that devaluing the dollar will enhance competitiveness. However, they are flat wrong and... [MORE]	Hal Henig	Mar 5, 2008 21:13
Leading a campaign to respect the dollar is akin to the emperor with no clothes. The plain fact is a...	Peter Duray-Bito	Mar 5, 2008 13:32
This single concept would save the Dollar, in a Demand Economy. [MORE]	Edward Holman	Mar 5, 2008 12:58
I am a long time forex trading going back to the days when currency futures were first introduced to the... [MORE]	Dennis Yanez	Mar 5, 2008 12:50

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The McCain Dollar