Liberty Energy Corp. (LBYE)

[TheBullEconomist]

If you enjoy Friedman, look to Friedrich Hayek and Ludwig von Mises too.

The dollar has been weakening, for years, relative to certain other currencies and commodities. This matters to average Americans because the price of food is moving exponentially higher (vs wages), so discretionary income is much less.

Will the dollar collapse? Not in the short - mid run. It doesn't behoove China, or any other nation, to call in our treasuries and sink the U.S. economy. Our economies are too inter-related and dependent on each other for 1 country to move in such an imprudent or malevolent manner. For now.

That being said, the Fed (Bernanke) has kept interest rates WAY too artificially low, while using monetary policy to keep the money supply at dangerously high levels. This means the aforementioned inflationary effects in the U.S. will continue.