John Griswold
2 min readMay 26, 2022

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This is a basically flawed representation of currency. Currency is NOT a representation of the economy. The total value of the U.S. economy is far greater than the yearly GDP, which itself is over $ 20 trillion annually. A corporation's stock IS a representation of the total value of that company, though of course people disagree on that value, one reason that people buy and sell stocks.

The dollar, on the other hand, exists solely to serve as a medium of exchange and its value is decided in currency exchanges and by bond buyers in a mostly open market. You'll note that while many claim that the dollar has been weakened by increases to the Fed balance sheet in the currency markets it has been constantly gaining value against other currencies, many of whom did not take the same course of engaging in stimulus.

At one time the "most basic of principles" was that the sun rotated around the Earth, eventually that became less basic. I challenge you to cite one economist who thinks the dollar is experiencing "hyper inflation", which is a term with a very specific definition. The same with any economist who thinks our currency is being "crushed"...that's certainly not what the trades on the currency markets indicate.

I'm hoping you understand that structures are more than the nature of their components. The evaporative cooler on my roof is just a box with a squirrel cage fan and a water reservoir...until I install the electric motor and connect that motor to a powered up electric controller. A bunk of 2x4s is not a house, though a house is made of 2x4s; some assembly required.

If you want to claim that my points are "factually incorrect" you might want to back up that claim with something, anything that shows where or how they are incorrect. So far you have not dealt with any of the points I make other than with flat and unsupported claims. As to plumbing, you might want to rent a sense of humor;)

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John Griswold
John Griswold

Written by John Griswold

Master carpenter, watercolor artist and beat up old jock…owned by Black Lab Bo who considers two tennis balls a minimum mouthful

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