In the process, an undefined, unstable dollar makes cheats and liars out of honest people.
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Since then, our floating, unstable dollar has been the single biggest impediment to robust economic growth.
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The new, undefined, unstable dollar was not as useful to producers, savers, and investors as the previous, gold-defined dollar.
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In 2009 and the years leading up to it, we had an extremely unstable dollar under Federal Reserve Chairmen Alan Greenspan and Ben Bernanke.
FORBES: U.S. Unemployment: Our Long Economic Nightmare Continues
Over the past 40 years, the airline industry has fallen into a pattern of cyclical bankruptcies, the root cause of which is our unstable dollar.
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Our undefined, unstable dollar caused the crash of late 2008, and it is the principal problem behind what is unfolding as the slowest economic recovery on record.
An unstable dollar induces both short-term thinking and malinvestment.
FORBES: U.S. Unemployment: Our Long Economic Nightmare Continues
What has happened is that an increasingly uncompetitive corporate tax rate has suppressed nonresidential investment as a percent of GDP, and our unstable dollar has caused much capital investment to be misdirected and wasted.
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Not only does the sagging, unstable dollar create the nominal illusion of bank health, that the dollar remains historically weak means that limited capital necessary to fund company and job creation is still locked up in the houses on which dead-banks walking teeter.
Buying gold represents a last-ditch effort to preserve capital in the face of an unstable, weak dollar.
Put simply, when the dollar is unstable so is the trade that is the basis of economic activity.
By now, the dollar has been unstable enough, for long enough, that this anxiety is popping out everywhere.
Of course when the dollar is weak and unstable, a disharmony reveals itself among the productive that frequently retards what should be the peaceful flow of goods.
Put simply, a marriage founded on shoddy finances is as unstable as any business enterprise, and for young couples, every dollar truly counts.
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