Biden seems to be the 3rd obama administration, so presumably this article is still very relevant.
Kyle Bass, who knows a thing or two about economics and finance, recently spoke to a senior member of the Obama administration about their planned solutions for fixing the U.S. economy and trade deficit.
The answer shouldn’t surprise you.
When I asked a senior member of the Obama administration last week, ‘How are we going to grow exports if we won’t allow nominal wage deflation?’
He says, ‘we’re just going to kill the dollar.’
That worried me.
So, that the only answer.
It’s a dead answer.
But, that’s where we’re headed.