Devaluationist policies make this difficult because monetary debasement eventually weakens exporter and importer alike.

FORBES: The sheer folly of currency devaluation.

Consider the foreign importer: No doubt that importer's relative wealth position is enhanced by the devaluationist "gift"--at first.

FORBES: The sheer folly of currency devaluation.

Devaluationist policies throughout this past decade might help explain why stock prices are essentially where they were in 2000.

FORBES: The sheer folly of currency devaluation.

Indeed, lost on the devaluationist mindset that has thoroughly polluted the discredited economics profession is that trade is a two-way street.

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Much as housing exploded during the devaluationist presidencies of Nixon and Carter, so did it boom during the Bush years when the dollar declined in value.

FORBES: Book Review: Reckless Endangerment by Gretchen Morgenson and Joshua Rosner

So much for Burns as the devaluationist.

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Looked at through the lens of cross-border trade between an American firm suffering devaluationist policies and a foreign importer buying American goods with a rising currency, ultimately the importer is going to have to sell goods back to Americans in order to continue importing.

FORBES: The sheer folly of currency devaluation.