For a long time, I’ve been saying that the dollar has to come down. A lower dollar would be an easier solution to, for example, the trade issues with China, compared to trying to get the Chinese to change its currency policies. So, the fact that the dollar is sharply down–even now equal to the Canadian dollar!!! Who would have thunk that?–is a good thing for most Americans, except for tourists.

    As a person who likes to travel myself–and who was recently in Canada and already felt the difference in prices compared to say five years ago–I’m wiling to pay  a little more when I venture abroad if the trade-off is that Wal-Mart is a little more unhappy. Wal-Mart thrives when the dollar is high because it can import things from around the world at much cheaper rates–Wal-Mart’s low prices and its low wages and its generally abysmal attitude towards a decent living standard is dependent on the dollar being high. So, take that, Lee Scott!