Depreciation is good in some ways (such as when it comes to exports), but it has a lot of negative effects on an economy, especially on one like our own which relies so heavily on importing goods (and we import just about EVERYTHING in this country).
The added cost of having to pay more to import goods (which is made even worse because China does not allow its currency to fluctuate under normal market conditions) will offset just about any gain the U.S. economy would receive from increased exports.
China's economy is growing exponentially, and will probably pass our own by 2020. This will probably be accelerated by the slowing of the U.S. economy.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
