May 24, 2011
""Bear in mind, those of you who want to "defend" the dollar, it will almost certainly require a hefty tax increase along with continued downsizing of the budget, the actions of the Federal Reserve notwithstanding."
Really? I can see interest rates rising, and, given the inflation we've been experiencing in food and fuel prices the past few years, I think that might be a good thing. But "a hefty tax increase" due to a higher valued dollar? Please explain."
I come in peace, esquared. I posted this on the general blog, and I really would be interested in your thoughts on this subject. Please respond on my whiteboard, if you wish.