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I am trying to understand how inflation contributes to trade defecits and the negative impacts inflation has on trade, who it hurts, and who benefits (especially when looking at US China relations). I have been reading this article: http://mises.org/daily/4256 But I am still very confused. How does inflation...
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It seems to me that the whole argument for currency debasement to make our exports more competitive is based on the assumption that it will reduce the trade deficit. I feel like that will not necessarily happen because inflation not only reduces the costs of our exports to foreign consumers, it also...