Reply #94: Largely it is the monetary policy

[bhikkhu]

If you think about the decline in the value of the dollar, the effect that has is to make US products affordable elsewhere, while making imports more expensive here. Its easy to complain "that just isn't right - the dollar should be strong!" - until you look at the effect of strong-dollar policy which has been the general rule for about 60 years. The effect is to make imports cheap and US products expensive, which destroys US production and jobs.

So that's the one easy thing that has been working well, and yes it is designed to benefit "the 99%", by creating jobs and growing the economy. If you're a holder of great wealth of some sort denominated in dollars, its the sort of policy you'd be up in arms about because it erodes your share of the pie; but for majority it is a good thing.