So it seems to me that everyone here is against quantitative easing, or other policies that devalue the dollar. me, I don't yet have an opinion about it, and find the decision would be very difficult to make. Let me quote a couple thing about currency wars from wikipedia So first off it's a long term policy: not short term. "everybody here" seems to be against a trade deficit, but QE is one way to address that-one of the surest, if slowest. And of course "everyone" is against high unemployment rates . . .this is a long term solution for that. so this also increases foreign reserve, but also lowers interest rates on loans. Which has a nasty trade off. reduced spending power (value of the dollar) which translates into inflation/lower QOL. that's the big one. it also declines emotional "prestige" and further has a risk of (in America's case) bringing home all the dollars everyone is holding on to-both increasing the money supply domestically even more, and reducing our 'economic super power' status that makes it easy to do business with other countries. Is the trade off worth it? Why not? or Why? what would be a better policy? Obama has promised to raise out exports, Obama has promised to stabilize the economy, and to lower unemployment . . .and this policy has his paw prints all over it (i used to think it was Bernanke, but not since learning this wasn't just bank favoritism). With this policy he is doing that. Good or bad? if bad, what would be better?