The Mar-a-Lago Accord theory posits that weakening the dollar could revive American manufacturing, yet its feasibility is highly questionable. Critics argue that this approach contradicts its goals, as selling off U.S. treasury bonds to weaken the dollar would increase interest rates and federal debt costs. Economists like Steven Kamin highlight that the theory fails to hold up even in principle. Moreover, achieving beneficial global trading reforms would necessitate significant strategic planning and execution, a level of foresight that appears to be absent from current strategies.
"It's one thing if a plan makes sense in theory but not in practice. This one doesn't even add up in theory." - Steven Kamin, economist.
"There is a path by which the Trump Administration can reconfigure the global trading and financial systems to America's benefit, but it is narrow and will require careful planning." - Miran's analysis.
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