Once again Bobert ignores the facts presented in his own link. The dangers of devaluation. And he refers to economics classes as a reason to ignore the dangers he brought into the discussion.

He takes an elitist stance "you cannot under stand this, it is way over your head and us progressives know what is best for the masses"

As per his article: "A significant danger is that by increasing the price of imports and stimulating greater demand for domestic products, devaluation can aggravate inflation. If this happens, the government may have to raise interest rates to control inflation, but at the cost of slower economic growth."

Now if that ie wrong, Bobert, if that is not a danger, why did you cite that article???