Moore's Lore: new technology. Computing, connectivity, mobile, convergence, communications, software, etc.: " he nails the impact of the falling dollar on the U.S. economy, and even has the right quote about it, from former Citibank chair Walter Wriston. 'Money goes where it is welcome and stays where it is well-treated.'
Money is simply not being treated well in this economy. A policy of letting the dollar tank makes U.S. investments riskier for foreigners, making them less likely to buy the bonds we need to keep running our huge budget deficits. Its advantages are all short-term -- fewer savings from outsourcing, lower-priced exports, a lower trade deficit. But its disadvantages are far more real -- higher inflation is one."