We devalue because government is broke, Mr. Tammy

The editorial page was correcting a fallacious economic narrative that lives to this day: it says currency devaluation (in our case, devaluation of the dollar) results in greater competiveness for American producers. The editorial reminded readers that nearly every “American” good or service produced is the happy consequence of global cooperation. Translated, “imported inputs” from around the world very much factor into the production of what’s American. 

Dear Conservatives: Devaluation Weakens Us, Imports Strengthen Us

Mr. Tammy and the WSJ are preaching infinity, a nonsense concept in economics.

The truth, Mr. Wall Street, is we devalue when Congress is bankrupt, like right about now. And we devalue because neither you nor the WSJ nor the Boomers not the millennials have any intention of paying some 4% of our incomes for a bunch of loser government projects, like the Texas S/L bailout.

The truth, Mr. Tammy, comes from a reading of history where we find American default once a generation, like clock work.  The problem is the stupidity of WSJ in not noticing the Right to Coin, we exercise it, and WSJ reporters are fairly dumb with respect to monetary history.

So, to answer the question, either we devalue or we send the troops to Texas and extract about 3 trillion to cover the current expense of that bailout.  We do not like conservative well fare bums, like Texans.