The ‘grossly overvalued’ American dollar

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Financial Times 12h ago

The ‘grossly overvalued’ American dollar - Financial Times

Quick Summary:

The poorest state in the US — Mississippi — has a per capita dollar income that is higher than those of the UK, France, Italy, and Japan, and is only slightly lower than that of Germany.

Some say it is a killer example of America’s exceptionalism, while others will counter that a stunning chunk of the US economy is healthcare spending, or point out that nominal GDP per capita is a flawed measure of how comfortable the median citizen actually is.

We are also reminded of a quote from President Reagan: ‘Nothing lasts longer than a temporary government program.● Inflation and future currency depreciation.