Tom Brady’s Girlfriend Doesn’t Like American Money
Some Tom-Brady-dating supermodel (an occupation engaged in by people renowned for their intellect and financial acumen) named Gisele Bündchen is making headlines because she likes to be paid in euros and not American dollars.
Why is this news? Who knows. I guess it’ll set pants on fire among the “Europe is so much better than America!” and “down with the Federal Reserve!” crowds, but outside of those rather over-zealous groups, who really cares?
I think a lot of the hype around the value of the American dollar has more to do with self-loathing American liberals and international types jealous of America’s ranking as the globe’s #1 economic powerhouse getting in some cheap shots. Living in a community near the Canadian border, I can tell you that the strong Canadian dollar (coupled with that country’s obscene taxes) has resulted in quite the economic influx as Canadian shoppers come to American stores.
Which isn’t a boon that’s going to be felt all over the country, but ultimately I doubt many Americans even notice the day-to-day fluctuations of the currency. It is what it is. And even if it is a problem (and again, I think a lot of the hype around it is pretty absurd), the answer lays in reducing the national debt which is doing more to devalue the dollar than anything done at the Federal Reserve or in Europe.
