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Reply #74: Devaluating a currency helps an economy if it is gradual and controlled. [View All]

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DuaneBidoux Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-14-04 09:43 PM
Response to Reply #9
74. Devaluating a currency helps an economy if it is gradual and controlled.
If it is a collapse trust me it won't help Bush. We would see a spike to 15% interest rates even without growth in the economy, and housing prices would collapse and you would have a debt "unwinding" (read: depression). Trust me, no sitting party will benefit from a Depression, Democrat OR Republican.
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