Comment by ifwinterco

Potentially inflationary yes but would correct the current account deficit and some of the other imbalances (lack of blue collar jobs, excessive financialisation, income inequality) that accompany it.

Not the best way but not completely stupid either.

If you’re interested in this perspective look up Michael Pettis’s work, he explains it better than me.

To be clear, I’m not defending trump, I think he is an idiot. This would be a “stopped clock is right twice a day” situation if he ends up doing it