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It is far worse than you think it is...the USD $ has lost a TON of value ...

There are two fairly reasonable ways to measure that.

The trade weighted dollar is pretty much flat over the last three years, and stronger than it was at any day at all 2006-2016.
So that's out: the US dollar is not doing worse than other major currencies.

It can also show up as inflation: lack of general purpose (monetary) purchasing power, for example traded goods.
But this too has been moribund for many years.
A dollar buys almost the same amount of standard "stuff" as it did a few years back.
The US consumer durables index is at the same price level it was in 1987, and the same as in March 2016.

True, some things that US consumers spend money on (especially older consumers) have risen in price relative to other things,
but that's not a problem with the dollar's value, so it's not monetary inflation, it's Baumol's cost disease in some service sectors.


So, I'm not sure about the notion that the US dollar has lost a ton of value.
It squiggles up and down cyclically with exchange rate fluctuations, but on a net basis it has been a lot of noise signifying...not much.
If anything, the dollar has been oddly and surprisingly stable as a store of value so far this century, all things considered.

Jim
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